Geez, brutal day for Luxurban Hotels, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to
hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.
The company isn't at an immediate support or resistance level that might be predictive. Luxurban Hotels hasn't been looking too hot recently, some shareholders have been dumping shares over the last few months which has been driving prices down. In the past 3 months, the asset has lost -86.49 of it's value. So it's not looking great, I'd probably wait for a clearer support level before coming in. LUXH might find some support at the 0.0033 level, buyers might push the price back up from here. But it's not very clear what will happen.
