BGI - Express stock now seeing a post-squeeze spike up 20%
Express (EXPR) is the latest name among the Reddit squeeze stocks seeing a resurgence following the unprecedented gains in late January.EXPR is up 20% and, at around $6, is at levels not since since it tumbled from the 52-week intraday high of nearly $14/share and closing high of $9.55.Will Meade, a former portfolio manager at Goldman Sachs who has been active in tweeting about squeeze and retail recovery names, said back in January that Express met the same criteria as GameStop (GME).This week Meade reupped his call of six reopening stocks that could triple, which included Express, due to its "incredibly low" price to sales ratio and $1.62 cash per share.He says the money is now flowing to Ashford Hospitality Trust (AHT), off 2.3%, Birks Group (BGI), up 1.5%, Chico's (CHS), up 12.6%, J. Jill, down 0.8%, and Rocky Mountain Chocolate Factory, up 5.2%."Over 5000 3/19 $6 calls have traded for 65 cents this morning," he
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Express stock now seeing a post-squeeze spike, up 20%