Tag: RHT

A pre-market bear trap for RHT and NKE?

RHT– Red Hat, Inc provides software solutions. It develops Operating Systems, Virtualization, Middleware, Storage, and Cloud technologies.

RHT – Red Hat, Inc

Fundamentals Previously closed at 75.71
Day’s high 76.19
Day’s low 74.45
P/E ratio 73.50
EPS 1.03


Analysts opinion Today, pre-market, RHT reported their Q4 and Fiscal Year earnings. It generated a total revenue of $544 million boasting a growth of 17% YoY. Analysts have upgraded RHT to “Buy”.
Sentiments Due to this, RHT share price is expected to rise. However, RHT saw a fall in the prices by 2% pre-market. This may be seen as a ‘buy’ opportunity since the stock has positive news which is yet to reflect in the prices.
Social Media Pulse The stock has 100% higher chatter than usual.

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