3 Declining Stocks: VIVUS, Inc.(NASDAQ:VVUS), Zogenix, Inc.(NASDAQ:ZGNX), and Plug Power Inc(NASDAQ:PLUG)
New York, NY – GDP INSIDER – 01/14/2015.
This article discusses three stocks: VIVUS, Inc.(NASDAQ:VVUS), Zogenix, Inc.(NASDAQ:ZGNX), and Plug Power Inc(NASDAQ:PLUG)
VIVUS, Inc.(NASDAQ:VVUS) slid 6.36% to $0.21 per share to close the day at new closing price of $3.09. The $345.49 million market cap company, which traded within a range of $3.03 to $3.36 after during intraday trading, is situated 13.60% above its 52-week low of $2.72 and 68.74% away from its 52-week high of $9.80. The ticker has one-year price target estimate of $5.58 and consensus rating of 1.67 or Hold. North Tide has recently become a new 10% stakeholder in VIVUS, Inc and now holds about 12.5 million in the company.
Zogenix, Inc.(NASDAQ:ZGNX) saw a decline of 2.90% during yesterday’s trading and closed the day at $1.34. The $0.04 lost in price moved the stock 25.23% above its 52-week low of $1.07 and 74.18% further away from its 52-week high of $5.19. The $215.21 million market cap company, which traded within a range of $1.31 to $1.40 during intraday trading, had a trading volume of 3.07 million and 153.04 million shares outstanding. Zogenix, Inc will release its 4Q14 earnings on March 3, 2015. The ticker has a beta of 2.19, meaning it is 119% more volatile than the market.
Plug Power Inc(NASDAQ:PLUG) had a trading volume yesterday, a figure which is 2.36 million lower than its 30-day average trading volume of 5.65 million. The US based alternative energy provider has a market cap of $510.92 million and 173.13 million shares outstanding. According to its CEO, Andy Marsh, the company is on the right track to meet revenue of $130 million in 2015. Plug Power Inc currently stands at a monthly performance of 14.53% and YTD performance of -2.19%.
HotStockGains.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word BREAKOUT to 555888 from your cell phone.
Additionally, HotStockGains free newsletter provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.
Disclosure: HotStockGains is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://hotstockgains.com/disclaimer/ for complete risks and disclosures.