A Reversal for Leisure Acquisition Corp. (LACQ) Is Not Near. The Stock Reaches All-Time Low Today

March 14, 2018 - By Winifred Garcia

The stock of Leisure Acquisition Corp. (NASDAQ:LACQ) reached all time low today, Mar, 14 and still has $8.79 target or 8.00 % below today’s $9.55 share price. This indicates more downside for the $252.28M company. This technical setup was reported by Barchart.com. If the $8.79 PT is reached, the company will be worth $20.18M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 0.52% or $0.05 during the last trading session, reaching $9.55. About 14,999 shares traded or 1700.60% up from the average. Leisure Acquisition Corp. (NASDAQ:LACQ) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

More notable recent Leisure Acquisition Corp. (NASDAQ:LACQ) news were published by: Prnewswire.com which released: “Leisure Acquisition Corp. Announces the Separate Trading of its Common Stock …” on December 26, 2017, also Prnewswire.com with their article: “Leisure Acquisition Corp. Announces Pricing of $200000000 Initial Public Offering” published on December 01, 2017, Bizjournals.com published: “Morgan Stanley managing IPO for NYC entertainment and leisure company” on December 04, 2017. More interesting news about Leisure Acquisition Corp. (NASDAQ:LACQ) were released by: Nasdaq.com and their article: “Blank check company Leisure Acquisition files for $250 million IPO” published on November 04, 2017 as well as Gurufocus.com‘s news article titled: “TENOR CAPITAL MANAGEMENT Co., LP Buys Regalwood Global Energy, Legacy …” with publication date: February 15, 2018.

Leisure Acquisition Corp. intends to acquire businesses or assets through merger, capital stock exchange, stock purchase, reorganization, and business combination. The company has market cap of $252.28 million.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.