Reuters Article Propels Helios and Matheson Analytics Inc (NASDAQ:HMNY)

Helios and Matheson Analytics Inc (NASDAQ:HMNY)

Helios and Matheson Analytics Inc (NASDAQ:HMNY) stock has been covered by StockNewsUnion.com nine times since December of 2016 and the company is now being covered by financial news giant Reuters. In an article published today. Reuters raised the possibility that Helios and Matheson Analytics Inc (NASDAQ:HMNY) could be a billion dollar company – tapping into a business model similar to Netflix. The news article has sent the stock screaming higher.

Helios and Matheson Analytics Inc (NASDAQ:HMNY)

Helios and Matheson Business Model

Today the stock opened strong and HMNY stock is up over 20% this morning on heavy volumes. Over the past month HMNY shares have increased over 10-fold. According to the Reuters article “The ticketing service, led by Netflix co-founder Mitch Lowe, is seeking to spur the sort of revolution for the movie business that Ryanair did for airlines or Netflix did for streaming. The alliance between the two firms dates exactly to the moment earlier this year when MoviePass slashed all its variable subscription fees in favor of a single $9.95 model, allowing unlimited access to more than 90 percent of U.S. theaters. In the month that followed, the company’s subscriber numbers rose to over 400,000 from less than 20,000.”

On September 18, 2017 StockNewsUnion reported that Helios and Matheson Analytics Inc. (NASDAQ:HMNY) was a big mover after its latest acquisition, MoviePass Inc., announced it had surpassed 400,000 paying monthly subscribers over the last 30 days. The stock rallied 39.54% to end that week’s trading session at a high of $3.67 a share. At the time of the article, Mitch Lowe, co-founder of Netflix Inc. (NFLX), former president of RedBox, and current CEO of MoviePass said in a press release, “MoviePass is the ‘all-you-can-eat’ movie theater experience. Though expensive for the company in the short-term, it’s a significant benefit and more convenient for customers. With MoviePass, there’s no movie ticket prices to think about — going to the movies will become an everyday experience rather than an occasional treat.”

HMNY Stock Performance

Clearly investors are in love with Helios and Matheson Analytics Inc (NASDAQ:HMNY). Well above their 52-week low of $2.20, HMNY shares have a Relative Strength Index (RSI) figure exceeding 97. This is a figure that unquestionably signifies “rare air” in trading circles. Traders would agree that an RSI level of 80 is a clear “overbought” signal.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HMNY and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Author: Marcus Anderson

Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Leave a Reply

Your email address will not be published. Required fields are marked *