Falcon Minerals Corporation (FLMN) Stock Falls 10% in a Week: Where is the Bottom?
Falcon Minerals Corporation (NASDAQ:FLMN) has dropped 10% in a week. The company has announced that it will host Q2 2021 earnings conference call on August 5, 2021. Falcon Minerals plans to release its Q2 2021 financial results after the market closes on August 4, 2021.
Recently the company appointed Bryan Gunderson as its CEO and President following Daniel Herz’s departure. Gunderson, whose appointment is effective immediately, has also been appointed to the Board of Directors. Also, the board has hired Matthew Ockwood as CFO.
Ockwood joins the company as an experienced gas and oil investor who most recently served as the managing director and investment committee member for Chambers energy Capital. Gunderson said that he is delighted with the opportunity to serve the company and its shareholders further. He said that the company has the balance sheet, assets, and a team that will succeed, and Falcon is poised to flourish with recovering market backdrop. So in the coming months, FLOMN is a stock to watch.
Market Reaction:
On Tuesday, FLMN stock gained 0.42% at $4.80 with more than 166K shares, compared to its average volume of 347k shares. The stock has moved within a range of $4.7200 – 4.8700 after opening the trade at $4.76. Over the past 52-week, the stock has been trading within a range of $1.8200 – 5.3900.
