I own stock in this company...I've had it for many years. $9.94+0.77(+8.46%) I did a Google search...Yeah, I checked it on Yahoo Finance. No news I can pick up. So how do I find current news (free), on a stock that is traded on the Tokyo Exchange??
https://www.toray.co.jp/ Reported earnings yesterday & some additional news. Google will translate the website buy not the PDF that shows the earnings report.
My goodness! What a non-volatile stock. It is still on the downtrend. It will take many decades / centuries for it to go from $9 to $7.
Stable, boring...Watching paint dry. It does have some biotech also... If you don't trust the dollar (US)...Where do you put it?? China, Russia, South America, Mexico...Method to my madness.
I wouldn't long it because it is not on the uptrend. I wouldn't short it because it is too late to short it.