Several investment firms have purchased 5% plus stakes in the company. The general consensus my amateur research yielded suggest that this is passive investment, but I have a concern that it could be a play to raise capital ahead of a tough year with rising interest rates. Earnings report is next week and the transcript from the last call was not brimming with substance. I sold my shares at between 21-24 early last year, but I’ve followed the stock closely watching the fall. Could this be a move toward inflating the stock price and coordinating a sell off? Or even a gradual shift to hedge fund activism and a sell off of other assets? Note: I own no shares or options at this time.
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