What’s in Castlight Health, Inc. (CSLT) After Touching All-Time Low?

Castlight Health, Inc. (NYSE:CSLT) Logo

Investors sentiment increased to 1.89 in 2019 Q1. Its up 0.61, from 1.28 in 2018Q4. It increased, as 12 investors sold Castlight Health, Inc. shares while 16 reduced holdings. 17 funds opened positions while 36 raised stakes. 67.75 million shares or 6.82% more from 63.42 million shares in 2018Q4 were reported.
Geode Limited Liability Company holds 0% or 874,573 shares. Northern Trust Corp owns 0% invested in Castlight Health, Inc. (NYSE:CSLT) for 953,594 shares. The United Kingdom-based Marshall Wace Llp has invested 0.01% in Castlight Health, Inc. (NYSE:CSLT). 56,376 are owned by Manufacturers Life Ins Co The. Principal Finance Grp invested 0% in Castlight Health, Inc. (NYSE:CSLT). Redmile Group Inc Limited Liability Corp reported 0% in Castlight Health, Inc. (NYSE:CSLT). Vanguard Incorporated holds 6.84M shares or 0% of its portfolio. Metropolitan Life Com Ny has 55,951 shares for 0.05% of their portfolio. Paradigm Mgmt New York invested in 0.31% or 930,300 shares. Ny State Common Retirement Fund owns 60,200 shares or 0% of their US portfolio. State Bank Of New York Mellon has 0% invested in Castlight Health, Inc. (NYSE:CSLT). Raymond James And Assocs has 0% invested in Castlight Health, Inc. (NYSE:CSLT) for 50,728 shares. Wellington Management Gru Llp owns 2.96 million shares for 0% of their portfolio. Bridgeway Mngmt Inc reported 495,500 shares. Blair William & Communication Il reported 0% of its portfolio in Castlight Health, Inc. (NYSE:CSLT).

The stock of Castlight Health, Inc. (NYSE:CSLT) reached all time low today, Aug, 14 and still has $1.35 target or 7.00 % below today’s $1.45 share price. This indicates more downside for the $210.61M company. This technical setup was reported by Barchart.com. If the $1.35 PT is reached, the company will be worth $14.74M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 3.33% or $0.05 during the last trading session, reaching $1.45. About 501,737 shares traded. Castlight Health, Inc. (NYSE:CSLT) has declined 63.82% since August 14, 2018 and is downtrending. It has underperformed by 63.82% the S&P500.

More notable recent Castlight Health, Inc. (NYSE:CSLT) news were published by: Seekingalpha.com which released: “Castlight Health, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on March 01, 2019, also Finance.Yahoo.com with their article: “Hedge Funds Have Never Been This Bullish On Collier Creek Holdings (CCH) – Yahoo Finance” published on June 18, 2019, Seekingalpha.com published: “Castlight Health (CSLT) Presents At 36th Annual J.P. Morgan Healthcare Conference – Slideshow – Seeking Alpha” on January 11, 2018. More interesting news about Castlight Health, Inc. (NYSE:CSLT) were released by: Fool.com and their article: “Why Castlight Health, Caleres, and Best Buy Slumped Today – The Motley Fool” published on November 21, 2018 as well as Prnewswire.com‘s news article titled: “Castlight Health to Participate in Upcoming Investor Conferences – PRNewswire” with publication date: May 30, 2019.

Castlight Health, Inc. operates a health benefits platform in the United States. The company has market cap of $210.61 million. The companyÂ’s platform engages employees to make better health decisions and enables employers to communicate and measure their benefit programs. It currently has negative earnings. The Company’s platform also provides real-time insight into employee engagement with benefits and programs enabling employers to monitor and adjust their strategies.

Castlight Health, Inc. (NYSE:CSLT) Institutional Positions Chart

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