NAKD - Naked Brands stock bounces sharply higher after post-split tumble

Naked Brands (NASDAQ:NAKD) +16% is rebounding today after five-straight losing sessions, with selling accelerating after a reverse stock split a week ago. Shares were down more than 30% after the stock split 1:15 on Dec. 22. The one-time meme stock that appeared on Robinhood's limit list is down 50% in the last six months, but still up more than 70% year to date. Naked Brands (NAKD) entered into a merger agreement with EV maker Cenntro Automotive in August. "With the working capital injection from the merger with Naked Brand, and the market demand for our vehicles, we are confident that we will meet our production guidance of 20K vehicles next year. We are well positioned for accelerated growth in 2022 and beyond," Cenntro's Chairman and CEO Peter Wang said on Monday. "Even though Naked isn't technically a SPAC, the story here seems like so many beaten-down SPACs at the moment," SA contributor

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Naked Brands stock bounces sharply higher after post-split tumble