Dave: Do Not Short The Blistering Rally Of This Neobank
DAVEDave(DAVE) Seeking Alpha·2024-02-12 23:34

PM Images Dave's (NASDAQ:DAVE) rally from 52-week lows has been nothing short of dramatic, with the neobank moving up a remarkable 360%. This blistering rally came after a 52-week low reached in the aftermath of a 1-for-32 reverse split at the start of its fiscal 2023 that was forced by a roughly 96% collapse from its SPAC reference price. Dave is a mobile banking app that offers its members a range of financial products, with its core product ExtraCash offering cash advances. The company also offers FDIC-i ...