GoodRx Holdings, Inc. Class A (GDRX)

0.01 0.03
Prev Close 32.07
Open 31.87
Day Low/High 31.19 / 32.31
52 Wk Low/High 33.51 / 64.22
Volume 484.99K
Exchange NASDAQ
Shares Outstanding 392.95B
Market Cap 12.78B
Div & Yield N.A. (N.A)

Avoid the long side of GDRX until we see evidence of a durable bottom.

Have the charts improved over the last few months?

We can still look forward to that always elusive 'follow through' day for the Nasdaq.

IPOs in recent months have done extremely well -- not so GDRX.

Traders have to take the extra step to understand the underlying company and sector before jumping into a position.

The good news is that my trade offered an opportunity for a quick profit. The bad news is it didn't last very long.

Trading volume was low enough Wednesday to indicate a lack of conviction, or conviction that did not spread across enough managers to truly change the narrative.

Definitely put this one on the highly speculative side.

GDRX will not stay in a tight range for long.