Are The Bears Right About Turtle Beach Stock?

newsfeedback@fool.com (Leo Sun), The Motley Fool
Sun, 10/21/2018 - 7:31am

Shares of Turtle Beach (NASDAQ: HEAR) traded at less than $2 at the beginning of the year but have since skyrocketed to over $20. That rally was sparked by surging demand for the company's wireless gaming headsets, which were buoyed by the rise of popular "battle royale" games like Fortnite and PUBG.A ten-bagger return for a hardware company is impressive, but it also attracted a lot of naysayers who claim that the company's short-term boom will eventually end in a brutal bust.

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Topics:  nasdaq   hear    fortnite and   pubg   oct   u.s    turtle   beach   bears   stock   company   shorted   shares   
BING NEWS:
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  • More

 

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