By Karim Rahemtulla You could have made 50% in one day with Party City (NYSE: PRTY) shares a week ago. It was a trend reversal following a massive downturn for the stock.
This obvious pariah of social distancing has seen its shares tank from $8 to $0.26 over the past year.
After all, who’s going to be throwing parties when the end result is possible death from the coronavirus?
Well, conventional wisdom is often wrong…
Just look at the move in casino stocks, airline stocks, hotel stocks and even theme park stocks since the lows in March. Some have doubled and even tripled.
Casinos reopened with bigger-than-expected crowds. …read more
