Overhead Pressure Signals Trouble for Spotify Stock

The shares of SPOT have struggling in 2022

facebook twitter linkedin

Spotify Technology S.A. (NYSE: SPOT) is the company behind the most popular audio streaming platform in the world, with presence in 183 markets. The platform offers a subscription service with more than 82 million tracks and over 4 million podcast titles. It currently has 433 million monthly active users and 188 million premium subscribers. At last glance, Spotify stock is trading down 4.2% at $75.08.

SPOT is down by about 66% year-over-year and has shed 67% year-to-date. However, the stock has grown by 8% over the past month, pushing it 13% up from its early November record low of $69.28. Still, Spotify stock is struggling, with overhead pressure looming at the 50-day moving average. 

Nonetheless, Spotify holds a strong balance sheet with $3.67 billion in cash and $1.86 billion in total debt, helping to balance out some of the short-term risks for the business. As a result, SPOT can be considered one of the more attractive high risk, high growth plays available on the market at the moment.



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners