The analyst is short or bearish on POET due to a >30% drop and order cancellations by MRVL, indicating a negative stance on POET.
$MRVL canceled all orders for Celestial due to confidentiality breaches by $POET, causing POET to drop over 30%.
Bloody hell. $POET down >30% - $MRVL canceled all orders for Celestial. Due to confidentiality breaches by $POET. RIP. (I have a position lol) https://t.co/Tm7ciW8EOD
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.0% | +1.5% |
| 1 week | -10.6% | -11.0% |
| 1 month | +67.0% | +62.1% |
| 3 months | -10.8% | -14.2% |
| 6 months | — | — |