Breaking Finance News

Nuvera Environmental Solutions Latest To Be Brought Down by Seeking Alpha (NES)

Graph With Stacks Of CoinsShares of Nuverra Environmental Solutions (NYSE: NES) are down 18 percent in late morning trading Monday after a Seeking Alpha article posted over the weekend was bearish on the stock.

What used to be nothing more than a finance blog has now grown in stature to the point of causing double digit moves in a stock. Such is the case today. An article on Seeking Alpha titled, “Nuverra Environmental: A Sinking Ship With Default Risk” was published on Seeking Alpha Pro and later released to the public. In it, contributor MBAvalueinvestor lays out the reasons he believes that the stock will continue its downward trajectory. Among his reasons:

  1. The company hasn’t generated any operating profits.
  2. Claims to be an environmental service company but is actually an oilfield service company.
  3. The founder of the company is distancing himself from it.
  4. It’s overvalued.

Traders posting to social media have mixed thoughts on the article:




[stock-tools exchange="NYSE" symbol="NES" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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  1. Jeff Elfont

    August 26, 2013 at 12:45 pm

    NES??? How is NFLX going to make their programming payment in November, they are a going concern problem

  2. Mark Siravo

    August 26, 2013 at 1:11 pm

    It amazes me how much investment articles and investment TV influences the market. If you watch say Jim Cramer at 6pm, if he recommends a stock you can immediately see it climb at the 7pm time frame. If I was a day trader I think that would be my daily must do. Watch Jim, invest in his recommendation and sell before the next morning and make money each day.

    • Tim Parker

      August 26, 2013 at 1:33 pm

      It’s true. Of course, there are some high frequency traders that magnify that. I don’t know for a fact but I would bet that there are some computers that are pointed towards Cramer and trade on what is referred to as the Cramer effect. Others are retail traders who aren’t putting enough time into doing their own research. We need to have our own convictions. Nobody care about our money as much as we do. Thanks for weighing in.