Naked Brand Group (NAKD) Stock Is Flying: Here’s Why

Naked Brand Group NAKD Stock News

Stock & ETF Trading Signals
Naked Brand Group Ltd (NASDAQ: NAKD) stock is rocketing in the market this morning, trading on gains of more than 30% in the premarket hours. However, with no SEC filings or press releases issued this morning, many are wondering why. Here’s how I see it:

Attention Alpha Stock News Readers: You now have full access to Joshua Rodriguez’s investing portfolio for FREE. Click here!

NAKD Stock Pops On Rumors Of Coming News

At the moment, Naked Brand Group has two primary issues that threat potential delisting from the NASDAQ. First, the NASDAQ requires all listed companies to maintain a minimum price of $1 per share. Unfortunately, it has been quite a while since NAKD stock traded at this level.

Moreover, the NASDAQ requires listed companies to maintain minimum shareholder equity of $2.5 million. Unfortunately, the company doesn’t quite meet this requirement either.

Nonetheless, the NASDAQ gives extensions time and time again, allowing companies adequate time to meet their requirements. Based on the fact that we are still recovering from the COVID-19 pandemic, many believe that the NASDAQ will provide the company with an extnsion to meet these requirements and that delisting will largely be off of the table.

In fact, across message boards, we’re seeing notes about news that’s expected to come out today, announcing that NAKD has received an extension from the NASDAQ.

Keep in mind that these messages are rumors. There has been no confirmation from NAKD, nor NASDAQ, that an extension will actually be provided. Nonetheless, based on the NaASDAQ’s history, I believe that one will come down the line.

Seriously, Joshua shares 100% of his portfolio positions FREE. Click here!

The Bottom LIne

The stock market tends to react before news hits. At the moment, investors are piling in, in hopes that the NASDAQ will provide Naked Brand Group with an extension. As a result, the shorts on the stock, and there are quire a few, are losing moeny and exiting their positions in what’s quickly becoming a short squeeze.

Nonetheless, NAK has serious inadequacies that led to the position it is in at the moment. As such, if you decide to get involved with this stock for anything more than a short term trade to capitalize off of current volatility, make sure to do your research and get a real understanding of the risks before diving in.

Don’t Miss The Next Big Story

Join our free mailing list below to receive real-time news alerts and gain access to Joshua’s investing portfolio!

Subscribe Now

All we need is your email address.

Click here to subscribe if reading on mobile. 

Top Trading Services

ServiceTrade Ideas
Investors Underground
Day Trading Lessons
Key Features– AI-Based Trade Ideas
– Simulated Trading
– Alert Windows
– Quality Charting Tools
– One Click Trading
– Automated Trading
– Copy successful Traders
– Get Copied Get Paid
– $0 Commissions
– Educational Resources
– Premarket Broadcast
– Live Trading Floor
– Nightly Watch List
– Morning Call
– 1,000+ Video Lessons
Rating4.7 out of 54.5 out of 54.2 out of 5
Price$118 – $228 per month
$1,068 – $2,268 per year
FREE$297 per month,
$697 per quarter, or
$1,897 per year
Sign UpSign Up Now!Sign Up Now!Sign Up Now!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.