$CVNA, the stock of Carvana, has been experiencing significant market movements and attention. It has surged over 700% since early 2023, with Kerrisdale Capital disclosing a short position. The stock is mentioned as a short squeeze candidate, with recent volume upticks and narrowing Bollinger Bands. As of the latest tweet, $CVNA is up 18% and has cleared the $80 mark, following a previous 12% increase. Concerns have been raised about the sustainability of Carvana's business model and capital structure, with speculation about potential equity raises.
How’s that CVNA short working out….
$CVNA up another 18%
$Cvna short squeeze stock up 12% clears 80. Given at 42.
$CVNA - Will Keep Squeezing... Until they raise +$2.5bn equity ATM? Or it becomes clear they can't / won't? A control fraud with an unproven business model (and an unsustainable capital structure)? Congrats - @SEC_Enforcement @LisaMonaco @FINRA
$CVX is mooning and there weren't even any new $afETH deposits. Don't fade strength. 📈 https://t.co/Hi4jpbYTBG
100+ ETH has been deposited into Asymmetry Finance today after the $afETH caps were raised. 30% of deposits immediately is used for market buying and then locking $CVX. $320k $afETH minted today which is ~$100k of $CVX purchased and locked. 📈 https://t.co/BoCtSDn2YJ https://t.co/d75UX4fNJ9
You can follow @asymmetryfin accumulation of $CVX here Up to 77.7k as of this post https://t.co/fpSC0kybIx
It’s been a long great accumulation period for my $cvx. Feeling is mutual. But we are ready soon. Lfg. https://t.co/k0gCVFt3x8
$IKNA on track to close above the upper bollinger band which could kick start a squeeze. Solid day for it https://t.co/Ch06NmRVEI
Kerrisdale Capital has disclosed a short position in Carvana, $CVNA.
Driving itself out of a rut, pandemic darling $CVNA has surged over 700% since early 2023. @davidfaber, @carlquintanilla & @jimcramer break down the company's impressive quarter. "That's I think one of the best single-performing stocks of the last year." https://t.co/op86XZz8yF
$IKNA volume uptick recently as the Bollinger Bands get extremely narrow suggesting a possible squeeze could be coming. "Ended 2023 in strong financial position with approximately $175 million in cash; runway extended into 2H 2026" Roughly $4/share in cash, trading at $1.36 https://t.co/K1bhSkJ0Iz
$IKNA volume uptick recently as the Bollinger Bands get extremely narrow suggesting a possible squeeze could be coming. "Ended 2023 in strong financial position with approximately $175 million in cash; runway extended into 2H 2026" Roughly $4.80/share in cash, trading at $1.36 https://t.co/tcXkN7Zev6
$CVNA Mentioned as Short at Kerrisdale Capital
$CVNA appearing overbought, as indicated by RSI. https://t.co/NQvigUZPhU
$CVNA strong open, not even an earnings follow through break out yet. Getting close!! 76.3 resistance https://t.co/2Xu7yciAfM