Today Drive Shack Inc. (DS) Stock Crashes

The stock of Drive Shack Inc. (NYSE:DS) is a huge mover today! The stock decreased 4.78% or $0.22 during the last trading session, reaching $4.38. About 243,968 shares traded or 14.39% up from the average. Drive Shack Inc. (NYSE:DS) has declined 13.58% since September 13, 2018 and is downtrending. It has underperformed by 13.58% the S&P500.
The move comes after 5 months negative chart setup for the $289.83 million company. It was reported on Sep, 13 by Barchart.com. We have $4.07 PT which if reached, will make NYSE:DS worth $20.29M less.

Analysts await Drive Shack Inc. (NYSE:DS) to report earnings on November, 14. They expect $-0.04 EPS, up 76.47 % or $0.13 from last year’s $-0.17 per share. After $-0.21 actual EPS reported by Drive Shack Inc. for the previous quarter, Wall Street now forecasts -80.95 % EPS growth.

More notable recent Drive Shack Inc. (NYSE:DS) news were published by: Businesswire.com which released: “Acacia Research Appoints Executive Leadership – Business Wire” on September 09, 2019, also Seekingalpha.com with their article: “Drive Shack’s (DS) Management on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” published on August 06, 2019, Businesswire.com published: “Drive Shack Announces Leadership Addition and Second Quarter 2019 Earnings Results – Business Wire” on August 06, 2019. More interesting news about Drive Shack Inc. (NYSE:DS) were released by: Seekingalpha.com and their article: “Valaris: New Presentation Reveals Floater Strategy – Seeking Alpha” published on September 04, 2019 as well as Seekingalpha.com‘s news article titled: “Drive Shack Inc.: Can The Model Succeed? – Seeking Alpha” with publication date: July 18, 2018.

Newcastle Investment Corp. operates as a real estate investment trust in the United States. The company has market cap of $289.83 million. The firm invests in and manages real estate related and other investments, including senior housing properties; debt investments financed with collateralized debt obligations; other debt investments; and investments in golf courses and facilities. It currently has negative earnings. It also invests in securities, including commercial mortgage backed securities, senior unsecured debt issued by property REITs, and real estate related asset backed securities, as well as in loans, such as real estate related and other loans, including corporate bank loans, commercial mortgage loans, residential mortgage loans, manufactured housing loans, and subprime mortgage loans.

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