APIChangelogInfo
Memorial Day Sale Sale until May 28! Get 15% off! API Price increases May 28th so lock in at a lower rate!

The Blubber

LATCHW Stock Spiked: Here's What Happened
12/13/2022

The Situation

Latch Inc (NASDAQ: LTCHW) shares – a company that provides keyless security systems, especially for apartment-style buildings – spiked on Tuesday upon expectations for its earnings report. As of 12:00 PM ET, Latch shares spiked by 47.69%.

The Explanation

Latch Inc officially went public on June 7, 2021, reaching a post-IPO all-time high of $14.05 on September 17, 2021, but dropped by 92.62% overall. Shares dropped by 90.23% year-to-date at the price of $0.75.

The company is expected to release its earnings report on December 14, 2022, which is expected to come from an algorithm based on its historical dates report. This comes shortly after the company announced a change in Directors and Principal Officers.

See the $LTCHW chart performance here.

The Effect

Latch Inc stock spiked as investors anticipated the release of the company's earnings report. The investors' reaction happened despite not officially knowing whether the company would report positive or negative earning results. Since investors can't know for sure whether the company will beat its estimates, it is more important to focus on Latch's business.

See full $LTCHW flow at: https://unusualwhales.com/stock/LTCHW/flow-overview

Stay Updated

Subscribe to our newsletter for the latest financial insights and news.

Topics and Tags
Crypto
Earnings
Options Flow
Memes
Options calculator
TSLA
bid ask
buy to close
buy to open
bull call spread
congress
covid
energy
floor
government
hot tickers
insider knowledge
nasdaq
news
overbought
oversold
unusual options
weed
tastytrade logo+
With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get Unusual Whales Discounted when you deposit $2000 in your new tasty account.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.