Momo Stock Has a Lot to Prove on Tuesday
It will soon be time for one of this year's hottest stocks to earn its heady gains. Momo (NASDAQ: MOMO) announces financial results on Tuesday morning, and there's a lot riding on the stock that may have given back half of this year's advance but is still trading 75% higher in 2017.
The company behind China's fast-growing social entertainment platform bellyflopped last time out. Momo stock plummeted 20% the day it posted its second-quarter report, and it's easy to get nervous if you're long the shares. The stock has fallen on earnings day in three of the past four quarters, though it has managed to overcome its post-quarterly swoons with aplomb. At its peak in mid-August -- just before its most recent earnings face-plant -- the stock was trading 154% higher year to date.
Source: Fool.com