Why is Genius Brands (GNUS) stock running out of steam again? – Idaho Reporter

NASDAQ

Why is Genius Brands (GNUS) stock running out of steam again?

Another news and another blow to GNUS investors. Just a few moments after the CEO of Genius Brands (NASDAQ:GNUS) announced “an agreement for Stan Lee Universe to be distributed by Archie Comic Publications, the #1 most widely distributed comic book company in the United States”, GNUS share price went almost half percent down.

On a year-to-date GNUS stock is still almost 1000% up because it opened this year with a $0.29 price tag while it is selling for $2.29 at the moment.

But some investors that are late to the party and those that invested during the first days of the June (when one GNUS share was selling above $7) feel like the share price of GNUS stock is manipulated by day traders.

 

Other investors feel as if too much PR can only hurt Genius Brands in the long run, and I feel the same. CEO should either stop announcing every decision made by company or announce only something that will bring the big bucks.

 

Even in the latest press release GNUS talks about another announcement in a couple of days.

Over the coming days, there will be more announcements, as we continue to build out the Stan Lee Universe team and will announce our film, television, consumer products, and retail roll-out strategy.

Andy Heyward

But Mr. Heyward couldn’t resist himself so he added a P.S. at the end of this PR saying that “the upcoming Kartoon Channel! iOS app” is coming using 3 exclamation points at the end of the sentence. Exclamation marks will not push the stock price higher. That is a fact.

1 Comment

  1. GNUS is making deals before due diligence on J/V with POW Entertainment is completed- It is assumed myriad frauds by POW directors will be uncovered and make closing the JV impossible for GNUS

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