3 Stocks to Avoid This Week | The Motley Fool fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Alteryx (NYSE: AYX),
Grayscale Digital Large Cap Fund (OTC: GDLC) would have a rough few days.
Alteryx stock retreated 5% for the week. Shares of the cloud-based provider of enterprise analytics did initially move higher after it posted better-than-expected quarterly results, but it slipped during the balance of the week.
Cedar Fair dropped by 2% last week. Earnings season didn t help the operator of regional amusement parks, and its shares have declined in the last four trading days.
Finally, there was Grayscale Digital Large Cap Fund. The exchange-traded fund that owns stakes in five leading cryptocurrencies soared 14% last week. It was a great week for digital currencies, and Grayscale soared despite its stiff premium to its net assets. That was enough to sink what was otherwise a good list of stocks to avoid.
Six Flags Entertainment (NYSE:SIX), and
MicroStrategy (NASDAQ:MSTR) would have a bad week.
Coinbase rebounded after tumbling 15% a week earlier. The leading crypto marketplace rose 2% last week.
Six Flags Entertainment took a roller coaster-sized 3.5% dip on the week after posting financial results. Attendance revenue declined 38% and 36%, respectively, in the first quarter, but that was actually a lot better than expected. Several analysts jacked up their price targets on the stock following the quarterly update, but the stock had already discounted a recovery.
Finally we have MicroStrategy as the big winner of the three stocks, rising 7% for the week. MicroStrategy s become a popular coattail play for