Vroom, Inc. (VRM) is getting closer and closer to a short squeeze in my opinion.
The gap to fill is $4.58 - $5.15, you know that they usually do!
This is also my price target for VRM this year, $4.60.
Looking forward to read your opinion about it.
If you haven`t bought the dip when you saw the calls in the options chain:
Then you should know that VRM Exceeded Q1 Guidance Across All Key Financial Metrics!
19,473 ecommerce units sold, +26% vs 2021
Ecommerce revenue of $675.4 million,+60% vs 2021
Ecommerce gross profit of $34.3 million, +8% vs 2021
quarterly loss of $0.71 per share vs a loss of $1.03...
After a block o 35K calls on April 21, today VRM has another 20.5K calls expiring on the same date, May 20, same strike price, $2.5.
They paid a premium of over $200K for the calls.
The chart is full of bullish divergences and the stock is undervalued.
I think the earnings (in 4 days) will deliver a surprise and the stock will bounce to $3!
The stock is now...
