ANADIGICS, Inc. (NASDAQ:ANAD) Up 9.14%, Office Depot Inc. (NYSE:ODP) Up 3.52%, Arch Coal Inc. (NYSE:ACI) Up Slightly By 0.21%
Northern, WI 04/30/2013 (GDPInsider) – ANADIGICS, Inc. (NASDAQ:ANAD) is trading strongly and is up 9.14% on the day’s trading. The stock opened at $2.18, the same level as the previous close and the current range is $2.15 and $2.29. Volume is 2.34 million and the stock is trading up 107.14% on its 52-week low of $1.05. There are 82.08 million shares outstanding and institutions own 42.34% of shares in the company. Insiders own 2.49% and account for 19.26% of the transactions taking place in the trading of ANAD. The stock has a RSI of 64.43 and is up 8.07% on its 50-day simple moving average. The stock is also up 14.68% on its 20-day simple moving average and EPS is expected to rise next year by 50%.
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Office Depot Inc. (NYSE:ODP) is up 3.52% after starting the day’s trading at $3.63. The stock has a range of $3.63 and $3.92 with a volume of 5.69 million. Office Depot recently released earnings for Q1; results which many analysts felt were disappointing. The company which operates 1,628 stores worldwide said in its release that loss for the quarter ending 30th March was $16.8 million or 6 cents per share. This loss was after paying preferred dividends but is significant given that the corresponding period last year saw net income of $41.3 million. Office Depot blames the loss on weaker sales for Q1 and merger costs related to its proposed deal to merge with rival, OfficeMax. That deal is expected to cost $1.2 billion.
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Arch Coal Inc. (NYSE:ACI) opened trading today at $4.79 and has a range of $4.69 and $4.80. The stock is down slightly by 0.21% and volume is 2.77 million shares. The stock has been trending downwards since February and the technical chart reflects this. There have been signs of recovery during this time with a notable uptick in mid-March and again mid-April. The overall trend however is a downward slope and the stock is trading 9.07% below its 50-day simple moving average. It is also down 4.93% on its 20-day simple moving average. 212.27 million shares are outstanding and insider transactions account for 89.07% of trading volume. Arch Coal Inc. has a market cap of $1.01 billion and a RSI of 44.84.
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