3 Stocks Worth The Risk: LendingClub Corp (NYSE:LC), Cooper Tire & Rubber Co (NYSE:CTB) and Tidewater Inc. (NYSE:TDW)
New York, NY – GDP INSIDER – 04/10/2015.
This article discusses three companies: LendingClub Corp (NYSE:LC), Cooper Tire & Rubber Co (NYSE:CTB) and Tidewater Inc. (NYSE:TDW)
LendingClub Corp (NYSE:LC) saw its value decline by 3.46% during yesterday’s trading as the stock lost $0.66 to move to a closing price of $18.40. While the loss may be disappointing, LendingClub Corp stockholders can take solace in the fact that the stock remains slightly above its one year low of $18.30. The stock, however, gained 1.36% or $0.25 during afterhours trading to move to a new value of $18.65. With quarterly revenue growth year on year of 103.30% and one yare target price estimate of $22.97, the stock has upside potential making it a hold for now.
Cooper Tire & Rubber Co (NYSE:CTB) reversed its recent upward trend yesterday with the stock declining 3.26% or $1.42 to move to a closing price of $42.19 with more than 1.23 million shares changing hands compared with its 30 day average trading volume of 0.869 million. Despite the loss, the manufacturer and marketer of replacement tires is holding well above its one year low of $23.70. Cooper Tire & Rubber Co has been doing well so far this year with the stock up 21.78% YTD, compared to the S&P 500 which has gained only 1.57% over the same period, making it a solid hold for now with a view to buy.
Tidewater Inc. (NYSE:TDW) continued to climb yesterday with the stock gaining 5.60% or $1.33 to finish the day at a closing price of $25.10 on low trading volume of 1.85 million, compared to its 30 day average trading volume of 1.93 million. The offshore service vessel and marine support services provider to the global offshore energy industry has been declining since the beginning of the year with the stock down 22.55%, compared to the S&P 500 which is up 1.57% over the same period. The RSI 61.42 indicates the stock is not overvalued at the current levels, the MFI of 55.14 shows the money is flowing in the right direction, better to hold then sell at this time.
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