Bullish Stock Analysis: As BLSH Crashes, is it Safe to Buy the Dip?
The Bullish stock price has been in a free fall in the past few weeks as the initial post-IPO hype ended. BLSH was trading at $52.6, down from the all-time high of $117. So, what next for the Bullish shares ahead of the it first earnings report as a publicly-traded company.
Why the Bullish Stock Price Has Rashed
Bullish, the parent company of Coindesk, has come under increasing pressure after going public. Its stock has plunged by over 50%, erasing billions of value.
The decline happened as Wall Street analysts rated it differently. Some analysts, like Citi’s Peter Christiansen, Rosenblatt’s Chris Brendler, and Canaccord Genuity’s Joseph Vati have expressed a bullish outlook on the…
