GBA Presents: House of Gummy-!

I like this name but it should be said the street hates it. many " sells "given out at $16 the stk raced past all of them---

Fortescue Metals Group Ltd (FSUMF): New Sell Recommendation for This Basic Materials Giant
TipRanks
Jul. 6, 2023, 07:05 PM
In a report released yesterday,Paul Young from Goldman Sachs maintained a Sell rating on Fortescue Metals Group Ltd (FSUMF–Research Report), with a price target ofA$15.00. The company’s shares closed yesterday at $14.55.

According toTipRanks, Young is a 5-star analyst with an average return of16.5%and a 68.72% success rate. Young covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Iluka Resources Limited, and Lynas Rare Earths Limited.

Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $12.03, which is a -17.32% downside from current levels. In a report released on July 5, Bank of America Securities also maintained a Sell rating on the stock with a A$19.50 price target.
 
Probably three analysts all with " sells " and that was $10 ago.....

My feeling they may all stick to their guns but they may all capitulate adding to the gains....
 
UPDATE-

LSI Industries Inc. (LYTS)
NasdaqGS - NasdaqGS Real Time Price.
12.76-0.10 (-0.78%)
At close: 04:00PM EDT
13.30 +0.54 (+4.23%)<-------------
Pre-Market: 08:55AM EDT
 
Keep the gummy short in duration-- we should get 60 cents.


Significant Insider Trading Activity at LSI Industries Raises Eyebrows

Date: August 12, 2023

Intriguing developments have emerged surrounding LSI Industries, as it witnesses a flurry of insider trading activity involving its top executives. Notably, Chief Accounting Officer (CAO) Jeffery S. Bastian and Chief Financial Officer (CFO) James E. Galeese have been involved in substantial stock transactions, fostering curiosity and scrutiny amongst investors.


On Thursday, May 18th, CAO Jeffery S. Bastian picked an opportune moment to sell a staggering 24,335 shares of LSI Industries stock at an average price of $13.39 per share. The total transaction amounted to an impressive $325,845.65. As a consequence of this sale, Bastian’s holdings in the company now consist of 47,214 shares with an estimated worth of approximately $632,195.46.

The Securities and Exchange Commission (SEC) received documentation acknowledging this noteworthy sale filed by Bastian himself. Investors can access further details regarding this transaction on the SEC website through the provided hyperlink [link]. This disclosure adds another layer of complexity to the situation as astute observers seek to unravel the implications behind such deliberate actions by key personnel within LSI Industries.

CFO James E. Galeese did not lag behind his colleague either when it came to significant stock sales within the organization. On Friday, May 19th, Galeese reportedly sold an astounding 21,003 shares of LSI Industries stock at an average price of $13.28 per share—amounting to a substantial total transaction value of $278,919.84. Following this transaction’s completion, Galeese now retains ownership of approximately 136,362 shares valued at around $1,810,887.36.
 
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