Owlet: A 50% Crash That Looks Like A Buying Opportunity

2026-03-11 09:18:11 ET

Owlet, Inc. ( OWLT ) has been on a bit of a ride over the past year. The stock has had a lot of volatility and went from one of my better performing stocks back close to where I originally rated it a buy. I rated and purchased the stock at the end of July when it was trading in the low $7s. The stock went on to climb to a high of nearly $17 by December. It was an increase of approximately 135% in a matter of 4 months. I thought the price was getting ahead of itself a bit and sold some of my position when it crossed over $16 a share. In hindsight, it would have been great to sell the whole position off. It started a steady drop from there and then crashed following the latest earnings report. The stock dropped 38% in a single day. Then it followed up with a 13% drop the next day. A true beat down over a three day trading span....

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