Bullish Case: SMMT has robust insider buying, high insider ownership suggesting strong belief in company's potential. Recent board appointments could signal strategic shifts poised for growth.


Bearish Case: Despite insider confidence, recent share plummet indicates market skepticism. Legal challenges and underperformance in stock price compound investor uncertainty, clouding prospects.


Potential Outcomes:

1. Board improvements drive strategy success, raising stock value (20%).

2. Legal issues impair operations, sinking stock further (30%).

3. Market remains volatile, influencing rapid price changes (50%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 19, 2024


Summit Therapeutics Forecast

SMMT        Summit Therapeutics
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SMMT



GWW Forecast + Options Trading Strategies   GWW  W.W. Grainger (0.89)


PLAY Forecast + Options Trading Strategies   PLAY  Dave & Buster's Entertainment (0.89)


RL Forecast + Options Trading Strategies   RL  Ralph Lauren (0.88)


LEN Forecast + Options Trading Strategies   LEN  Lennar (0.87)


HII Forecast + Options Trading Strategies   HII  Huntington Ingalls Industries (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to SMMT



PCG Forecast + Options Trading Strategies   PCG  PG&E (-0.0)


ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (0.0)


GERN Forecast + Options Trading Strategies   GERN  Geron (-0.0)


ACAD Forecast + Options Trading Strategies   ACAD  Acadia Pharmaceuticals (-0.0)


ZM Forecast + Options Trading Strategies   ZM  Zoom Video Communications (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SMMT



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.82)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.82)


AGL Forecast + Options Trading Strategies   AGL  Agilon Health (-0.83)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.84)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.85)





Become a more profitable investor with AI optimized trading strategies






×

Chat with SMMT


 Ask me any question!