3 Oversold Stocks: LeapFrog Enterprises Inc. (LF), Walter Energy Inc. (WLT), And Cloud Peak Energy Inc. (CLD)
New York, NY – GDP INSIDER – 01/28/2015.
LeapFrog Enterprises, Inc. (NYSE:LF) witnessed a massive sell-off in its stock. Close to 2.05 million shares changed hands in yesterday’s trading session against the average daily volume of 1.53 million shares. The stock declined 2.64% to close at $2.58. The range for the day was $2.55 and $2.61. LF opened the session at $2.59, but closed 0.39% below the opening mark and 67.22% below the 52-week high price.
Although the regular session was characterized by losses, LeapFrog gained some ground in the afterhours trading, edging 1.94% to close at $2.63. The stock is down more than 45% since the beginning of this year.
LeapFrog Enterprises, Inc. (NYSE:LF) has found itself under pressure following its tepid 3Q preliminary results. The company reported revenue of $145 million, below its expectations of $220-$240 million. Analysts expected $226 million of revenue for the quarter.
Walter Energy, Inc. (NYSE:WLT), whose 52-week high is $11.90 has fallen quite a lot to trade below a dollar. The stock ended yesterday’s session at $0.869 after being marginally up by 0.56%. WLT traded in a range of $0.79 and $0.89 on a day that saw lesser volume of 2.81 million shares against average daily volume of 3.84 million.
WLT continued its gains during afterhours trading as it added another $0.011 to its stock price to close at $0.880 yesterday. Despite yesterday’s gain, shares of Walter Energy, Inc. (NYSE:WLT) still trades 92.64% below its 52-week high.
The company suspended dividend payment so that it can boost its financial flexibility given the current weakness in the metallurgical coal market.
Cloud Peak Energy Inc. (NYSE:CLD) saw 1.42 million shares changing hands compared to against the average daily volume of 1.38 million. Shares of CLD traded in the range of $6.93 and $7.32 in yesterday’s session. The stock managed to end the session at $7.25, up 0.28%. However, the new stock price still left CLD 67.68% below its 52-week high.
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.