Are These Stocks On A Direct Course For Rock Bottom? RadioShack Corporation(NYSE:RSH), Orexigen Therapeutics, Inc.(NASDAQ:OREX), and Rock Creek Pharmaceuticals Inc(NASDAQ:RCPI)
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RadioShack Corporation(NYSE:RSH) suffered a three cent loss during yesterday’s trading, a 5.38% decrease in value that moved the stock to a closing price of $0.55. However, the Texas-based consumer electronics company did regain two cents in after-hours trading to move to a value of $0.57. Nevertheless, yesterday’s closing price does represent a new 52 week low for the company that was once a go-to option for consumers. On July 29th, Moody’s announced that RadioShack may run out of cash by Oct. 2015.
Orexigen Therapeutics, Inc.(NASDAQ:OREX) enjoyed a 0.40% increase in value during yesterday’s trading, gaining two cents to close at $4.99. Unlike RadioShack, however, Orexigen did not fare well in after-hours trading, as the stock lost seven cents to move to a $4.92. The new value places California-based biopharmaceutical company, which develops product candidates for the treatment of obesity, just $0.39 above its 52 week low of $4.60. Orexigen Therapeutics will host a second quarter 2014 financial results conference call on August 7th, 2014.
Rock Creek Pharmaceuticals Inc(NASDAQ:RCPI) fell eleven cents during yesterday’s trading to move to a closing price value of $0.30. The mark represents a new 52 week low for the pharmaceutical company. Rock Creek, a company which develops products targeting inflammatory and neurological disorders, announced yesterday that it would be presenting at the BioPharm America 2014 conference to be held on Sept. 22-24. At the conference, CEO Michael Mullan will present data on anatabine citrate as well as the company’s strategy for the molecule’s phase I and phase II studies.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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