Why MicroVision Stock Just Popped 27%
At the close of trading on Wall Street Tuesday, MicroVision shares were up by 27%. On Monday, SeekingAlpha contributor "White Diamond Research" made the case that MicroVision, a stock that has surged from less than $0.20 a share to more than $2.50 a share in just the past four months, is actually worth less than the $0.20 it used to cost. In fact, argued White Diamond, MicroVision's scanning technology is worth "very little," and its stock could be either worth $0.15 a share ... or even be "completely worthless."
