Author argues SOAR has bottomed after pausing its ATM program, with an upcoming merger and daily gaps to fill as catalysts for a move back over a dollar.
Unpriced research observations (excluded from Calls and Returns):
SOAR — LONG The author claims SOAR has paused its ATM program and bottomed out ahead of an upcoming merger, with two major gaps to fill on the daily chart. The stated mechanism is that pausing the offering signals management wants to regain compliance, and news could send the stock back over a dollar. The main stated risk is implicit in the reliance on news to drive the move. resolved_asset_type_mismatch
has just paused their ATM program and bottomed out with an upcoming merger. With 2 major gaps to fill on the daily it seems like news will send this back over a buck