Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>&nbsp;NASDAQ: TRKA stock price shed 5.43% on August 18.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The termination of the CEO &amp; CFO might push TRKA stock toward a fresh 52-week low.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Grant Lyon will serve as interim CEO of the company, and Eric Glover will handle the role of CFO.&nbsp;</a> </li> 
</ul> 
<p>NASDAQ: TRKA stock lost 5.43% of its trading price on the August 18 trading session. It opened at $1.25, lowering to $1.14, it hit a high of $1.26 and closed at $1.22 with an intraday trading volume of 1.1139 Million.&nbsp;</p> 
<p>As per available data, TRKA stock lost over 40% of its trading price weekly and more than 75% in a quarter. In 52 weeks, Troika Media Group, Inc. stocks traded highest at $24.75 and lowest at $1.03.</p> 
<p>Troika Media Group, Inc. has a market capitalization of $20.166 Million, and the average trading volume of its stock is 2.194 Million (press time). Over the last few weeks, TRKA stock has been on a decline.</p> 
<h2 class="wp-block-heading" id="strong-trka-stock-price-analysis-strong"><strong>TRKA Stock Price Analysis&nbsp;</strong></h2> 
<p>On August 17, buyers tried their best to pull the TRKA stock price upwards, but the price failed to beat the immediate resistance of $2. It is important to note that on August 18, TRKA stock opened below its last trading closing.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/fjyeNqu9JWlkSh-RIloXnSLwKla8DBGbAOO06S1Tpw-E5FBdisnZ9AEfgiQvaj7nDhWrYmmp1cUFP7tvcxBsSS-EeUyBw6V0YPjCdZ6hcxkMvc-tcJt70dKIuYh9Jql6_82_5mBWGDjn7dW0Fu2FQA" alt="Is the Termination of the CEO &amp; CFO Hurting TRKA Stock Price?"> 
  <figcaption class="wp-element-caption">
    Source: TRKA stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>From August 01 to 14, TRKA stock was trading above $2, but on August 15, it opened below its last closing price of August 14. A sudden decline in trading price and surge in selling volume was seen on August 15.&nbsp;</p> 
<p>Technical analysis suggests that in the next trading session, TRKA stock will probably decline further and register a fresh 52-week low.&nbsp;</p> 
<p>Several market analysts claim that if buyers dominate, TRKA share price might face immediate resistance of $2.27 and the next possible resistance of $2.62.</p> 
<p>On the other hand, If sellers continue their dominance in the coming sessions, then the stock price might fall $1.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-trka-stock-news-strong"><strong>Trka Stock News&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/08/19/will-the-bearish-trend-in-manu-stock-price-change-its-way/" target="_blank" rel="noopener noreferrer nofollow">Troika Media Group, Inc</a>. recently terminated top executives. Sadiq Toam, serving as Chief Executive Officer was terminated from his position on August 14, 2023.&nbsp;</p> 
<p>Erica Naidrich, the CFO was also terminated by the management on August 14, 2023. As per available information, both terminations were executed for the cause under the terms of the employment agreement.&nbsp;</p> 
<p>According to available information, Grant Lyon will serve as interim CEO of the company, and Eric Glover will additionally handle the position of CFO.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Troika Media Group, Inc Earnings &amp; Revenue</strong></h4> 
<p>In Q1 2023, <a href="https://www.thecoinrepublic.com/2023/08/19/will-the-bearish-trend-in-manu-stock-price-change-its-way/" target="_blank" rel="noopener noreferrer nofollow">Troika Media Group, Inc</a>. generated $59.04 Million in revenue, including -$7.90 Million and -13.38% of profit margin. In Q2 2023, the company generated $68.10 Million in revenue, from which net income was -$10.85 Million and profit margin was -15.94%.&nbsp;</p> 
<p>In 2022, Troika Media Group, Inc generated $116.41 Million in revenue, from which net income was -$38.69 Million and profit margin was -33.24%. From the reported revenue of 2022, the gross profit of the company was 22%, earnings before interest, taxes, depreciation, and amortization (EBITDA) was -14%, earnings before interest and taxes (EBIT) was -17%, and its net income was -33%.&nbsp;</p> 
<p>According to TradingView, 15.238 Million TRKA shares are free-floating, and the remaining 1.292 Million shares are closely held by the company’s financial backers or the board of directors.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $1&nbsp;</p> 
<p>Resistance Levels: $2.27 and $2.62</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Troika Media Group, Inc. has terminated Sadiq Toam (Chief Executive Officer), and Erica Naidrich (CFO). Technical analysis shows the stock is suffering after the move.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Is the Termination of the CEO & CFO Hurting TRKA Stock Price?

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