Can Helios and Matheson Bounce Back After Last Week's 20% Drop?

Can Helios and Matheson Bounce Back After Last Week's 20% Drop?

MoviePass is hot, but majority stakeholder Helios and Matheson (NASDAQ: HMNY) is not. Shares of the analytics company that acquired a nearly 54% stake in MoviePass this summer plunged 20.2% last week. Helios and Matheson stock was also trading sharply lower on Monday by early afternoon, but things never seem to stay the way they are for long when it comes to one of the market's most volatile stocks over the past two months.

The wild swings have seen the shares go from as low as $2.42 last month to as high as $38.86 earlier this month before falling all the way back to the low teens on Monday. The speculation has been painful lately. If Monday's sharp slide holds, it will be the fourth day of the last eight trading sessions with a double-digit percentage decline. 

Image source: MoviePass.

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Source: Fool.com