Snap Stock- Is Naked Brands (NAKD) Stock getting ready To Shor Squeeze? – Fintech Zoom
The coronavirus pandemic had come as a massive blow for most businesses and that was the case with companies involved in intimate apparels as well. Hence, it was no surprise to see the struggle endured by Naked Brands (NASDAQ:NAKD) over the past year or so.
That being said, the Naked Brands management is now working towards stabilizing the business and has put a restructuring plan in place as well. The main thrust of the restructuring is going to be made up of a major move into e-commerce.
At the same time, it is necessary to point out that the Naked Brands stock remains a risky and highly volatile stock. Not too long ago it had been the target of retail investors from various social media platforms like Reddit and that had sent the stock flying. However, there are fundamental factors in play as well like ebbing away of the pandemic and a rise in demand for intimate apparels.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.