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eHealth leaves Q2 miss-stoked down move behind, shares ahead 8%

Published 08/25/2017, 10:54 AM
© Reuters.  eHealth leaves Q2 miss-stoked down move behind, shares ahead 8%
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  • Thinly traded micro cap eHealth (EHTH +7.9%) breaks through resistance at $19.50 on average volume. The stock has completely regained (and then some) its loss in late July when it released Q2 results that missed consensus. Shares plummeted over 20% on the news, touching $14.63, before reversing. The stock has rallied over 40% since then.
  • Q2 revenue was down $9.3M (-25%) to ~$28M, led by a 39% decrease in its Individual, Family and Small Business segment.
  • Several days ago, it announced that it is now providing Square (NYSE:SQ)'s small business customers with access to to its site via Square's dashboard.
  • Previously: eHealth misses by $0.24, misses on revenue (July 27)
  • Now read: Tramadol and Gabapentin only 0.4% of sales - Petmed Express; shares up 1%


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