On March 15 StoneMor (NYSE: STON) informed that an annual meeting of stockholders will be conducted on July 27, 2021, but no growth has been since that day.
Only today STON is seen to be jumping sharply, at 09.44 AM EDT it reached $5.20 but tricky speculators could sell off some shares. Then the shareholders are only gaining 37% at $3.71 value. Perhaps, new cemeteries will be opened due to the huge number of COVID-19 cases in the U.S. Some bodies of victims are still likely buried in temporarily rented lands. So, they need to change their resting places into the permanently bought lands of StoneMor.
Until July the stock might have several bumps but the uptrend may come after June. A sudden jump is likely to be caused by the analytically motivated whales who buy millions of shares before the massive burial activities end due to COVID-19’s weak infectious ability.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life