Should you short Credit Suisse stock as the price drops?

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According to Market Beat, investors had sold 10,830,000 Credit Suisse shares short as of September 15. At the time of writing, 0.41% of Credit Suisse Group’s shares are being shorted.

If you want to know more about what Credit Suisse is, can the stock give you good returns, and the top places to trade Credit Suisse stock, you’ve come to the right place.

Top places to trade Credit Suisse stock

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What is Credit Suisse?

Credit Suisse Group AG is an international investment bank and financial services company established and based in Switzerland. It is one of nine global banks providing services in private banking, investment banking, shared services, and asset management.

Considered a systemically important financial institution globally by the Financial Stability Board, Credit Suisse is also a primary FED Forex counterparty and dealer.  

Should I trade Credit Suisse today?

Credit Suisse stock can be a lucrative investment, but take the time to read at least several price predictions from leading analysts and do market research before making a commitment. Take all investment advice with a grain of salt.

Credit Suisse price prediction

CNN quoted 17 analysts on their 12-month price forecasts for the bank’s stock. One share cost more than $10 a year ago. Currently, that’s down to $3.93. The median prediction is $6.11, with a low estimate of just above $4 and a maximum prediction of $7.37.

Credit Suisse on social media

*A LARGE INVESTOR THAT DEALS WITH CREDIT SUISSE SAYS THE INVESTMENT BANK IS A DISASTER, CDS TRADING LIKE A ‘LEHMAN MOMENT’ ABOUT TO HIT – FBN#CreditSuisse 🇨🇭🇨🇭 pic.twitter.com/UiG0FzRucA

— Investing.com (@Investingcom) October 2, 2022

The post Should you short Credit Suisse stock as the price drops? appeared first on Invezz.