Drive Shack Inc. (OTC: DSHK) Stock Surges After Financial Results
There were a number of companies that had seen their stocks make notable gains last Friday, and one of those was Drive Shack Inc. (OTC: DSHK), as it ended up with 19% gains. Ahead of the beginning of trading this week, it may be a good time for investors to take a look into the latest developments.
Key Announcements
On Friday, the company announced that it had released its financial results for the three and nine-month periods, both of which ended on September 30, 2024. Additionally, the company also stated that the results had been made available on the OTC website as well as on the investor relations section of its corporate website.
Special Meeting
Drive Shack also announced that the previously scheduled Special Meeting of Shareholders on November 25, 2024, had been postponed. The meeting had been postponed so that the company got enough time so as to achieve a quorum that would allow it to transact business as per the amended and restated bylaws.
The company noted that the state proposals of the meeting would not have been approved otherwise. It remains to be seen if the stock continues to be in focus among investors over the coming day or not.
Technicals
| +/- EMA(20) | 0.14 (+7.14%) |
| +/- SMA(50) | 0.14 (+7.14%) |
| +/- SMA(200) | 0.2 (-25.00%) |
| 5-Day Perf. | +15.38% |
| 1-Month Perf. | – |
| 3-Month Perf. | +15.38% |
| 6-Month Perf. | -42.31% |
| YTD Perf. | -20.97% |
| 1-Year Perf. | -37.53% |
| RSI(14) | 53.84 |
| ATR(14) | 0.06 |
| ADX(14) | 15.53 |
| Beta (5Y) | 1.48 |
