Are Novavax, Inc.(NASDAQ:NVAX), Wet Seal Inc(NASDAQ:WTSL) and Nestle SA Reg Shs. Ser. B Spons (ADR)(OTCMKTS:NSRGY) Savvy Investment Options?
New York, NY – GDP INSIDER – 01/19/2015.
This article discusses three companies: Novavax, Inc.(NASDAQ:NVAX), Wet Seal Inc(NASDAQ:WTSL) and Nestle SA Reg Shs. Ser. B Spons (ADR)(OTCMKTS:NSRGY)
Novavax, Inc.(NASDAQ:NVAX) was a big mover during Friday’s trading and saw its value increase by 9.84% as the stock gained $0.61 per share to close the day at a new trading price of $6.81. The $1.62 billion market cap stock had a high trading volume of 40.46 million, a figure which is 35.13 million greater than its 30-day average trading volume of 5.12 million. Recently, analysts at Janney Montgomery Scott initiated their coverage on the stock with a Buy rating and set their price target to $11 on the shares of Novavax, Inc.
Wet Seal Inc(NASDAQ:WTSL) plummeted 48.58% to hit its new 52-week low of $0.03during trading on Friday after the announcement of its bankruptcy filing for Chapter 11 bankruptcy protection due to its slow year-on-year sales growth. The company will, however, continue its operations under the U.S. Bankruptcy Court’s jurisdiction. Wet Seal Inc, which has a beta of 1.26 and an EPS of $-1.21, currently stands at a weekly performance of -27.27%, monthly performance of -20% and an year-to-date performance of -38.37%. The stock had a trading volume of 25.69 million and 84.36 million shares outstanding.
Nestle SA Reg Shs. Ser. B Spons (ADR)(OTCMKTS:NSRGY) traded within a range of $75.25 to $77.38 during intraday trading and closed the day with a loss of 2.30% to $75.88 on Friday. The stock, however, gained 0.09% to $0.07 during afterhours trading. The ticker, which has a market cap of $250.47 billion on Friday, had a trading volume of 2.36 million and 3.62 billion shares outstanding. On January 16, analysts at Natixis downgraded their rating on the stock from ‘buy’ to ‘neutral’ while analysts at BNP Paribas downgraded their neutral rating to underperform rating on the shares of Nestle.
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