3 NYSE Stocks To Watch: Imperva Inc(IMPV), Aoxing Pharmaceutical Company Inc(AXN) and Continental Building Products Inc(CBPX)
New York, NY – GDP INSIDER – 03/16/2015.
This article discusses three companies: Imperva Inc(NYSE:IMPV), Aoxing Pharmaceutical Company Inc(NYSEMKT:AXN) and Continental Building Products Inc(NYSE:CBPX)
Imperva Inc(NYSE:IMPV) regained lost ground on Friday, with the stock closing up 5.23% or $2.09 at $42.03 on active trading with more than 2.748 million shares changing hands. The business security solutions provider had dropped almost 10% on Thursday after Imperva Inc announced a public follow on offering of 3 million shares of common stock at $39.00 per share to increase its working capital. With a one year target estimate of $41.98, there is plenty of upside potential in the stock making it a solid hold with a view to buy at this time.
Aoxing Pharmaceutical Company, Inc(NYSEMKT:AXN) continued its recent volatile swings with the stock dropping 13.99% or $0.27 on Friday, to close at $1.66 on higher than average trading volume of 2.393 million shares. The stock has been fluctuating between $0.50 and $2.55 for the last month and Friday’s drop came after the addiction focused pharmaceutical company announced it had entered into private agreements to sell 1.029 million shares of common stock, to bring it into compliance with NYSE MKT regulations. Despite the recent volatility, the stock is a good hold at the moment.
Continental Building Products Inc(NYSE:CBPX) reversed its recent upward trend by closing down 8.72% or $1.81 at $18.95 on Friday with more than 2.376 million shares traded, compared to its three month average trading volume of 0.182 million shares. The stock has been underperforming the S&P 500 for most of the last 52 weeks and is only up 1.99% compared to 11.52% for the S&P 500 for the same period. With a one year target estimate of $20.75 there is still plenty of room for growth in the stock making it a good hold and potential buy.
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