Revolve Group has been downgraded to JUNK as its share price rallied to $48 on its IPO first days in June. Alex Vieira, Autonomous AI Trading CEO, and Intuitive Code VP urged investors to buy Shopify instead.
Revolve Group (RVLV) share price crashed to $22 below its IPO price within the past forty days.
Meanwhile during the same period, Shopify (SHOP) soared from $240 to $410. Intuitive Code VP warned Shopify short-sellers not to bet against the company. He bought more.
Revolve Group relies heavily on the payment to celebrities. Their business model does not have anything that other company cannot do. I know celebrities. Today they seat on my lap, tomorrow they seat elsewhere.
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