Silver Run Acquisition Corporation II (SRUN) Can’t Be More Risky. Just Reaches All-Time Low

December 7, 2017 - By Peter Erickson

The stock of Silver Run Acquisition Corporation II (NASDAQ:SRUN) reached all time low today, Dec, 7 and still has $9.27 target or 5.00 % below today’s $9.76 share price. This indicates more downside for the $291.14 million company. This technical setup was reported by Barchart.com. If the $9.27 PT is reached, the company will be worth $14.56 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 0.31% or $0.03 during the last trading session, reaching $9.76. About 1.36 million shares traded or 37.64% up from the average. Silver Run Acquisition Corporation II (NASDAQ:SRUN) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

More notable recent Silver Run Acquisition Corporation II (NASDAQ:SRUN) news were published by: Prnewswire.com which released: “Silver Run Acquisition Corporation II to Merge with Alta Mesa and Kingfisher …” on August 16, 2017, also Prnewswire.com with their article: “Silver Run Acquisition Corporation II Announces the Separate Trading of its …” published on April 26, 2017, Seekingalpha.com published: “E&P IPO: Will Silver Run II Be Able To ‘Hackett’ In The E&P Industry?” on March 27, 2017. More interesting news about Silver Run Acquisition Corporation II (NASDAQ:SRUN) were released by: Prnewswire.com and their article: “Silver Run Acquisition Corporation II Completes $1.035 Billion Initial Public …” published on March 29, 2017 as well as Bizjournals.com‘s news article titled: “Former Anadarko CEO to lead new Houston-based blank-check co. after $900M IPO” with publication date: March 24, 2017.

Silver Run Acquisition Corporation II intends to identify, acquire, and operate a business in the energy industry. The company has market cap of $291.14 million.

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