Weber Stock News and Forecast: What is next for $WEBR stock after it catches fire?
WEBR stock has been attracting retail traders by trending on social media.was on fire on Thursday. Just in case you missed my ingenious reference, Weber is a barbeque grill maker. It sells some pretty nice units, and this author uses one in the summer months. That does not hide the fact that the last set of earnings were not good. With high short interest, reportedly over 50%, WEBR stock caught the attention of retail meme traders though who are looking to engineer a short squeeze.
Retail has a lot of firepower, so the key is to look for that firepower to start stalling. So far there are no signs of that, but given the high debt load of the company it seems inevitable that it will. Failure to break above Thursday's high at $11.64 is the first sign. The second is a close on Friday lower than the premarket spike or intraday spike. $12 is pretty decent resistance, so it may struggle to get squeezed above that level.
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