Published on 4 Nov 2022 on Zacks via Yahoo Finance
DAQO New Energy Corp. (DQ) Is a Trending Stock: Facts to Know Before Betting on It
Daqo New Energy (DQ) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this solar panel parts maker have returned -12.4%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Chemical - Specialty industry, which Daqo falls in, has lost 3.4%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.