3 Stocks To Watch: RXi Pharmaceuticals Corp (NASDAQ:RXII), Sonus Networks, Inc. (NASDAQ:SONS) and Callaway Golf Co (NYSE:ELY)
New York, NY – GDP INSIDER – 03/24/2015.
This article discusses three companies: RXi Pharmaceuticals Corp (NASDAQ:RXII), Sonus Networks, Inc. (NASDAQ:SONS) and Callaway Golf Co (NYSE:ELY)
RXi Pharmaceuticals Corp (NASDAQ:RXII) plunged 12.50% as the stock lost fifteen cents to move to a closing price of $1.05 on high trading volume of 3.26 million compared to its 30-day average trading volume of 0.504 million. The loss moved the US-based development stage company 82.17% away from its one year high of $0.91. Over the past one week and over the past four weeks, the shares of RXi Pharmaceuticals Corp have lost 12.50% and 8.70%, respectively. However, with RSI of 40.85 it has good upward potential making it a hold for now.
Sonus Networks, Inc. (NASDAQ:SONS) lost $1.28 to finish the day at a new closing price of $13.16 on heavy trading volume of 3.10 million compared to its three month average trading volume of 0.528 million. The 8.83% decrease in value came on a day when the stock also traded for as little as $13.05, a new 52 week low for the Westford-based communications services provider. Sonus Networks, Inc is now trading 23.83% below its 50-day moving average and 27.29% below its 200-day moving average. The RSI of 23.21 indicates the stock is oversold at the current levels and may have fallen too quickly, making it a hold for now.
Callaway Golf Co (NYSE:ELY) surged 11.31% as the stock gained $0.97 to finish the day at a new closing price of $9.55 after analysts at Imperial Capital upgraded their in-line rating to outperform rating on the shares of Callaway Golf Co and boosted their price target from $8 to $12. The $665.76 million market cap company, which fluctuated between $6.79 and $10.35 during the day, had a high trading volume of 2.50 million, a figure which is 1.99 million higher than its 30-day average trading volume of 0.501 million. The stock has been performing well so far this year with the stock up 24.03%, far outperforming the S&P 500 which is only up 2.21% over the same period, making it a buy.
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