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REPORT - Majesco Stock Up Nearly 50 Percent Ahead Of Earnings Report
Ahead of a final 2010 quarterly earnings report due next week, Majesco’s stock has shot up nearly 50 percent this week, indicating strong market expectations for the company’s holiday performance. The company’s stock closed at $1.14 per share today, up 48 percent from a close of $0.76 last week, on tepid growth for the market as a whole. The quick rise has put the stock in its best position since last January, when it was in the middle of a 78 percent slide down from $2.39 in July 2009 to $0.51 in August 2010.
Holy hell…are we going to see a hugely positive earnings press release from Majesco? How long has it been since we’ve seen that?! I’ll keep my fingers crossed for you, Majesco! You could certainly use a break.