Quick takes from around the market

AllDay Marts [ALLDY 0.45 1.11%] [link] will have 55% of its outstanding shares released from mandatory lockup on May 3. The shares belong to AllValue Holdings Corp, ALLDY’s parent company, and are ultimately owned and controlled by Manny Villar. This isn’t to say that Mr. Villar will try to rug-pull ALLDY investors by selling huge batches of shares, but it’s always worth watching the daily volumes after shares come out of lockdown to see if we can see any changes. His majority ownership stake is not substantial, so if he was planning to trim, he wouldn’t be able to trim much.

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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.