Solo Brands Inc - Class A (DTC) is trading -12% lower at $4.74 today.
Solo Brands Inc - Class A has been trading between a 52-week high of $23.39 and a 52-week low of $3.66. The stock has a market cap of $148 Million.
Solo Brands, headquartered in Grapevine TX, develops and produces category creating lifestyle products that help customers produce lasting memories. Through a disruptive and scaled DTC platform, Solo Brands offers innovative products directly to consumers primarily online through four lifestyle brands – Solo Stove firepits, stoves, and accessories, Chubbies premium casual apparel and activewear, Oru Kayaks, origami folding kayaks that can be assembled in minutes, and Isle paddleboards, the original and one of the fastest growing online US retailers of paddle boards.
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07-28-22As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Knottylocks - 2 upvotes - source
According to what I've read. During an equity offering through dividend. It forces closure of sonthing called sft's. A way to roll shorts. But with this offering it forces closure. Sonthing I think GameStop attempted with their share offering. But since same ticker. We saw what happened. Nothing. Dtc didn't treat it as a share offering through dividend but treated it as a share split. Imho . Amc solved this by doing new stock ticker. Now sft's can't be rolled. Have to be settled. Could very well start this damn thang. If not. I bet there's 29 more cards up their sleeves. Gme #1, lrc #2 amc/Bbby #3 imho just guessing tho. But gme king imo
CloseThePodBayDoors - 1 upvotes - source
QUESTION QUESTION QUESTION QUESTION QUESTION QUESTION QUESTION Anyone know where on the site to find DTC Chilled stocks list . ?
IcedClout - 1 upvotes - source
grigmagrindset - 1 upvotes - source
Half my trading portfolio in BBBY and DTC shares and option calls
TinyDancer0424 - 1 upvotes - source
Keeping a close eye on DTC. Lots of insider buying. Earnings coming out 8/11.
ShortChecker - -6 upvotes - source
Two stocks worth looking at right now are $BBBY and $DTC. $BBBY needs no further explanations. $DTC literally has great fundamentals and balance sheet. The stock is trading under enterprise value and asset value. Highly shorted as well. Earning is coming up in 7 days and I think they’re going to beat it. 127% shares held by institutions, float is 14.74M. Both are value bets with a lot of catalyst underway.