Are These Stocks At Risk? Cytosorbents Corp (CTSO) and Campus Crest Communities Inc (CCG)
New York, NY – GDP INSIDER – 04/02/2015.
This article discusses two companies: Cytosorbents Corp (NASDAQ:CTSO) and Campus Crest Communities Inc (NYSE:CCG)
Cytosorbents Corp (NASDAQ:CTSO) fell back sharply yesterday with the stock losing 31.61% or $4.17 to close at $9.02 on very active trading of 2.310 million shares, compared to its three month average trading volume of 0.203 million shares. The development stage company focused on using blood purification procedures to treat life threatening diseases began to fall after it issued a warning that its sales in the first quarter of this year may be up to 45% lower. The warning came after Cytosorbents Corp replaced a significant portion of its sales staff in an effort to employ people who are better equipped to sell its therapy treatments. The announcement did point to potentially higher gains in the second half of the year, but without a solid track record for the new sales staff there is no guarantee. Even so, with RSI at 31.37 the stock will likely bounce back in the near term, making it a potential short term buy.
Campus Crest Communities Inc (NYSE:CCG) continued to fall yesterday with the stock dropping another 9.78% or $0.70 to close at $6.46 with more than 2.020 million shares changing hands, compared to its three month average trading volume of 0.540 million. The developer and manager of residential properties for students began to fall after it announced that it does not expect to distribute any dividend payments in 2015. It also does not anticipate being forced to make distributions under the rules governing REIT’s unless it can raise additional funds by selling certain assets or raising more capital. The stock had been doing well so far this year with the shares price up between 5% and 8% until a week ago. Yesterday’s decline has now pushed the stock down 11.63% YTD and as the underlying cause of this situation has not been clearly disclosed, even with RSI now at 25.13, it is better to sell at this time.
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