Who bought ASPS Stock? Stock Update!
Video Summary
The stock price of Ultrasource Portfolio Solutions, a company that handles mortgage foreclosures, has been fluctuating rapidly due to recent news. The company has been struggling since the pandemic began, with its stock price dropping from $640 to $10.41. However, after President Biden announced a month-long moratorium on evictions and foreclosures, the stock price spiked. The Supreme Court later ruled that the CDC’s moratorium on evictions was illegal but chose not to strike it down, allowing the moratorium to remain in place until the end of July. The company’s stock price has since dropped.
Jake believes that this was not a coincidence and that there was some behind-the-scenes agreement between the President and the Supreme Court to avoid creating a precedent that the CDC’s moratorium on evictions during a pandemic is unconstitutional. Jake is concerned that the company’s business may be impacted by state-level rent relief measures, but believes that the moratorium will end in July and that the stock price will recover. He advises setting a stop-loss order to protect against potential volatility in the stock’s price.
Related posts:
Ukraine state-owned enterprises weekly — Issue 152
Ukraine state-owned enterprises weekly — Issue 151
Ukraine state-owned enterprises weekly — Issue 150
Puzzle company Frisson helps Ukrainians escape wartime reality
Finnish court orders seizing Russian assets at request of Ukraine's Naftogaz company
FINANCIAL FRAUDS – ENRON $74 BILLION FRAUD Creative Accounting Scandal Shocked the Financial World
Ukraine stakes survival in make-or-break US election
