Are These Stocks Due To Rise? Bloomin’ Brands Inc (BLMN), Pacific Biosciences of California (PACB) and Atwood Oceanics, Inc. (ATW)
New York, NY – GDP INSIDER – 04/16/2014.
This article discusses three companies: Bloomin’ Brands Inc (NASDAQ:BLMN), Pacific Biosciences of California (NASDAQ:PACB) and Atwood Oceanics, Inc. (NYSE:ATW)
Bloomin’ Brands Inc (NASDAQ:BLMN) fell back yesterday after analysts at Tigress financial downgraded their rating on the stock from ‘buy’ to ‘neutral’ on Tuesday with the stock falling 0.39% or $0.009 to close at $22.83 with more than 2.46 million shares changing hands, compared to its three month average trading volume of 1.97 million shares. The stock has been underperforming the S&P 500 so far this year with the stock down 6%, compared to the S&P 500 which has gained 5.19% YTD. With the casual dining restaurant company approaching a bullish MACD crossover it is better to hold than sell for now.
Pacific Biosciences of California (NASDAQ:PACB) jumped yesterday with the stock climbing 7.33% or $0.446to close at $6.44 on very active trading of 2.93 million shares, compared to its three month average trading volume of 0.731 million. The developer and distributor of tools for biological research has been declining for most of this year so far, with the stock down 17.86% YTD. However, Pacific Biosciences of California Inc has been enjoying quarterly revenue growth of 85.70% year on year and has diluted EPS of -$0.94, indicating that the stock could turn around. At this price it may be worth investing in for the medium term.
Atwood Oceanics, Inc. (NYSE:ATW) continued to climb yesterday with the stock gaining 6.59% or $2.06 to close the day at $33.32 on heavy trading of 2.70 million shares, compared to its three month average trading volume of 1.99 million. The global offshore drilling contractor of oil and gas wells has been having an interesting year with the stock starting weakly but since the middle of February, the shares have been outperforming the S&P 500, with the stock now up 14.70% YTD compared to the S&P 500 which has gained only 1.26% over the same period, making it a hold for now.
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