Are Alibaba Group Holding Ltd(BABA), Blount International Inc(BLT) and Marathon Oil Corporation(MRO) Going To Keep Sleeping?
New York, NY – GDP INSIDER – 03/12/2015.
This article discusses three companies: Alibaba Group Holding Ltd(NYSE:BABA), Blount International Inc(NYSE:BLT) and Marathon Oil Corporation(NYSE:MRO)
Alibaba Group Holding Ltd(NYSE:BABA) declined very slightly to close down 1.18% or $0.98 at $81.99 on much lower than average trading volume of 12.77 million, compared to its 30-day average trading volume of 19.10 million. The China-based online and mobile commerce company has been underperforming the S&P 500 for the last two months losing 21.19% of its share price, compared to the index’s loss of 0.91% for the period. On March 9, analysts at Axiom Securities initiated their coverage on Alibaba Group Holding Ltd with a BUY rating and set their price target at $110. With EPS of $1.80 and quarterly revenue growth (yoy) of 39.70%, the stock is hold at the moment.
Blount International Inc(NYSE:BLT) suffered a decline of 19.54% as the stock lost $3.23 to move to a closing price of $13.30 on massive trading of 2.547 million shares, compared to its 30-day average trading volume of 0.401 million shares. Despite the loss, the stock is currently situated 22.69% well above its 52 week low of $10.84. Over the past one week and over the past four weeks, the stock has lost 19.88% and 17.85% respectively. Not only that, but the stock has also underperformed the S&P 500 index by 16.14% over the last six months. Yesterday’s loss pushed the RSI down to 20.06, which indicates that the stock is oversold at the current levels, making it a hold.
Marathon Oil Corporation(NYSE:MRO) had a slow trading yesterday with the stock losing 0.12% or $0.03 at $25.79 with only 7.32 million shares changing hands, compared to its 30-day average trading volume of 7.37 million. The US-based liquid hydrocarbons and natural gas production company has been declining most of the year and has been underperforming the S&P 500 since October. The stock has now down 22.92% for the last 52 weeks compared to the S&P 500 which is up 9.21%. With RSI of 32.65 and target price of $31.60, Marathon Oil Corporation still has plenty of upside making it a hold. Once oil starts to recover, it will be the time to buy back in
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