Bearish Chart Formation for Netlist, Inc. (NLST) After Forming Bearish Double Bottom

June 19, 2017 - By Adrian Mccoy

Investors sentiment decreased to 0.82 in Q4 2016. Its down 1.75, from 2.57 in 2016Q3. It fall, as 7 investors sold Netlist, Inc. shares while 4 reduced holdings. 2 funds opened positions while 7 raised stakes. 13.15 million shares or 1.73% less from 13.38 million shares in 2016Q3 were reported.
Deutsche Natl Bank Ag invested in 66,825 shares or 0% of the stock. Vanguard Group Incorporated has invested 0% in Netlist, Inc. (NASDAQ:NLST). Guggenheim Capital Ltd Liability Corp holds 14,095 shares. Geode Capital Management Ltd Liability Co stated it has 0% in Netlist, Inc. (NASDAQ:NLST). Sii Wi has invested 0% of its portfolio in Netlist, Inc. (NASDAQ:NLST). Renaissance Tech Limited Liability Corp holds 0% or 81,900 shares. Blackrock Fund Advsr accumulated 0% or 118,540 shares. Mesirow Fincl Investment Management owns 139,790 shares or 0.01% of their US portfolio. California Public Employees Retirement System reported 47,100 shares stake. Fortress Invest Gp Limited Liability Company has 0.03% invested in Netlist, Inc. (NASDAQ:NLST). Northern Tru Corporation holds 73,091 shares. Goldman Sachs Grp Inc reported 35,682 shares. Penn Mngmt holds 1.34 million shares or 0.09% of its portfolio. Bancorp Of Ny Mellon reported 81,488 shares. Manufacturers Life Insur Company The stated it has 315 shares or 0% of all its holdings.

Since June 6, 2017, it had 0 buys, and 3 selling transactions for $229,080 activity.

The chart of Netlist, Inc. (NLST) shows a double bottom with $1.01 target or 3.00 % below today’s $1.04 share price. The 8 months chart pattern indicates high risk for the $60.26M company. It was reported on Jun, 19 by Finviz.com. If the $1.01 price target is reached, the company will be worth $1.81M less. Double bottoms are rare but powerful chart patterns.

It closed at $1.04 lastly. It is down 9.43% since June 19, 2016 and is downtrending. It has underperformed by 26.13% the S&P500.

Netlist, Inc. (NASDAQ:NLST) Ratings Coverage

Among 3 analysts covering Netlist (NASDAQ:NLST), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Netlist had 4 analyst reports since September 1, 2015 according to SRatingsIntel. Zacks upgraded the shares of NLST in report on Tuesday, September 1 to “Sell” rating. The stock has “Hold” rating by Zacks on Thursday, September 17. As per Thursday, September 22, the company rating was initiated by B. Riley & Co.

More notable recent Netlist, Inc. (NASDAQ:NLST) news were published by: Prnewswire.com which released: “Netlist Announces Election Of Kiho Choi To Board Of Directors” on June 01, 2017, also Prnewswire.com with their article: “Netlist And TRGP Announce Financing To Cover All Costs Of Legal Actions …” published on May 04, 2017, Prnewswire.com published: “Netlist, Inc. Announces Pricing of 8000000 Shares Follow-On Offering” on September 16, 2016. More interesting news about Netlist, Inc. (NASDAQ:NLST) were released by: Prnewswire.com and their article: “Netlist Adopts Short-Term Stockholder Rights Agreement With An Initial …” published on April 17, 2017 as well as Prnewswire.com‘s news article titled: “Netlist Reports First Quarter 2017 Results” with publication date: May 16, 2017.

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