Latest Stock Buy or Sell? Make More Informed Decisions!

To illustrate, in 2016, SPACs raised $3.2 billion (all figures in USD). Last July, Bill Pershing sponsored his own SPAC, Pershing Square Tontine Holdings, which raised $4 billion alone. PSTH-N has tumbled from its mid-February peak of $34.10 and is trading around $24, though it popped to $25 Monday. However, PSTH has yet to acquire a company and is keeping Wall Street in suspense. However, even the track record of billionaire investor Pershing cannot sustain the share price. Those who believe in Pershing have already bought in, but the rest of it may want to watch from the sidelines until he reveals his target company or industry and any shred of information.

Collier Creek Holdings went SPAC in late-August 2020 to become Utz, a maker of snacks under such brands as, Zapp's, Golden Flake and Good Health. This Pennsylvania company has been around for nearly a century, but went public at the right time—in the middle of the pandemic. People stay at home and eat snacks. For example, Q3 year-over-year sales jumped 24%. Last December, Utz bought Truco Enterprises, which churns out tortilla chips and salsa for $480 million. A good fit that will help transform Utz from a regional player into a national one. The news bumped shares from $19 to $22.50. Utz has been climbing ever since, though tumbled 4% after announcing slightly disappointing guidance on March 18 though it crushed Q4 earnings estimates. Since then, Utz shares have been choppy, but rising steadily in the past week. Utz pays a modest dividend of 0.96%, but six analysts signal a buy and two a hold, and they target $27.13, or 8.52% upside. Despite a reopening American economy, Utz remains poised to sell snacks and meet its projections.