Update (4:05 p.m.): Updated with Tuesday closing price information.
RadioShack shares more than doubled last week and trading volume soared amid news that Standard General LP could rescue the struggling electronics retailer with a financing deal to help it fight off bankruptcy.
More than 24.7 million shares changed hands, compared to the average volume of 4,638,800. The stock opened at $1.60 and peaked at $1.69 shortly after the market opened before it turned sharply downward.
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Separately, TheStreet Ratings team rates RADIOSHACK CORP as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RADIOSHACK CORP (RSH) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: