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HyreCar Inc. (HYRE)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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17.80+0.67 (+3.91%)
At close: 4:00PM EDT
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  • J
    Jerome
    The two founders sold a quarter of their holdings last week (Check SEC filings Form 4)...now we know why the stock dropped so much last week...market responding surprisingly well to the news today. I trimmed my position early today but it might have been too hasty...
  • B
    Bellamaxi
    Go to alexa website and look at the graph of hyrecar website traffic over last 90 days. All the rest is noise.
    Over last 2 days I increased my HYRE position by about 50% at various prices including at 15.18 print a short time ago. Today was a huge opportunity to add, hopefully some took advantage. Website traffic for hyrecar looks great over last 90 days, up up up
  • A
    Alex
    Nasdaq doing maximums and this one..
  • B
    Bellamaxi
    CEO is cut from wall street cloth, he is well aware of what happens if you dump a big load, then follow it with a goose egg. To get to this point, he had to be smarter than that.... I'm willing to give him and his bro the benefit of the doubt.
  • J
    Jerome
    The S-1 filing is still creating headwinds. We might see those headwinds for a while, even until we get new news from the firm...i.e. Q2 filing. I will accumulate on significant weakness. We know this is a stock that can easily go up or down 10% on NO NEWS. So you have to use that extreme volatility to your advantage and buy on panic. I was not at my computer when it hit $18.5. I would have bought had I seen that print. Very strong rebound from that early weakness on a very red day for small caps. I am not saying we have hit a floor. Just think of the massive selloff we saw in the days prior to Q1 announcement. That was weird...if anything like that happens again, I will pounce for sure...
  • J
    Jerome
    91 thousand shares traded today so far...very thin volume before Q2...but nice to see it holding so well after founders sold 1/4 of their holdings last week...we are way down from the $24 print we saw in June so in that regard, we did take a big hit already. Q2 will be solid. I guess the market is looking at that and the guidance for Q3 which is already a 1/3 done!
  • B
    Bellamaxi
    Hopefully tomorrow they will try to bludgeon it down below 15, and bounce it off 14 ish support, to push it under the 15$ strike, most of the work is done with the 17.50s looking safe with options expiring tomorrow.
    I will be a buyer if that happens, and either way if it stays around 16, will likely begin adding tomorrow, and over next couple of days.
  • B
    Bellamaxi
    Impressive strength in a massive market wide sell-off.
  • S
    Soopa
    Methinx there be hijinx re this janky descent right into the July options expiry
  • J
    James
    Notice how at end of trading day it adds +5% days in a row…Jerome, what’s your take? Seems like this may signal somebody knows something special.
  • B
    Bellamaxi
    Ridesare seems to be a sweet spot in the market. Website traffic graphs for turo, getaround and hyrecar all look the same - very healthy uptrend.
  • B
    Bellamaxi
    90 days ago they drove it down about 35% into earnings, lets see if they do it again. Maybe it gets to low 14s, a good buy in point.
  • B
    Bellamaxi
    This is more correlated to Russell 2K than NASDAQ, todays action I see as healthy technical reversion back to lower support to run all the stops and take care of business before the next leg up. This is a process, a journey and this stock because of its low float and nimble capital structure can easily be bullied around.
  • B
    Bellamaxi
    End of Q on Wednesday. Window dressers and Russell Index buyers will want this one on the roster before end of Q, with the ramp up and scale in front of this enterprise.
  • M
    Mr. M
    I give up trying to understand the daily movements in this stock. All I know or care about is long term it's a winner. 2023 this should be trading at $100.
  • A
    Alex
    Do you think we will reach $30 in July-Aug?
  • B
    Bellamaxi
    It should also be noted the short position on this stock increased 50% over last 30 days. That revelation obviously has worked its way into the price as well. Okee Dokey
  • B
    Bradley
    I do not expect this sell off to continue for long
    https://breakoutinvestors.com/2021/06/why-hyre-is-frustrating-the-shorts/
  • J
    Jerome
    Today was a gift...I loaded up at $19.50...you have to pounce when the markets give you a gift like that!
  • R
    Raymond
    Since it's inception this company has lost all its Revenue each quarter plus runs negative what it's Revenue would be in profit.