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%

Posted by Ryan Mandell April 30, 2013 0 Comment 727 views

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.

How Should Investors Trade ODP Now? Get key and important information right here.

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.

How Should Investors Trade ACI Now? Get the latest trends and data here.


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About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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