Are These Stocks Potential Goldmines? Millennial Media Inc (MM), Applied DNA Sciences Inc (APDN) and Seven & I Holdings C (SVNDY)
New York, NY – GDP INSIDER – 03/30/2015.
This article discusses three companies: Millennial Media Inc (NYSE:MM), Applied DNA Sciences Inc (NASDAQ:APDN) and Seven & I Holdings C (OTCMKTS:SVNDY)
Millennial Media Inc (NYSE:MM) continued its slow decline on Friday, sliding another 4.05% or $0.06 to close at $1.42 on active trading of 1.165 million shares. The independent mobile trading platform has been trending down since the third quarter of last year and is currently down 10.25% so far this year. The odd thing is that it should be rising, as its earnings estimates have been on the rise recently with projections up 53.3% over last year. With RSI at 37.88 the stock now looks like a very good medium term investment, making it a buy at this time.
Applied DNA Sciences Inc (NASDAQ:APDN) dropped sharply on Friday with the stock closing down 14.01% or $0.44 at $2.70 with more than 1.150 million shares changing hands, compared to its three month average trading volume of 0.106 million. The botanical DNA based security solutions provider started to fall after it announced that it was making a public offering of 3.82 million shares of common stock and warrants to purchase an additional 1.528 million shares. The total proceeds from the transaction should reach $11.46 million which will be used to increase working capital and the stock should bounce back once the offering is complete.
Seven & I Holdings C (OTCMKTS:SVNDY) carried on climbing on Friday with the stock adding another 1.90% or $0.40 to its recent significant gains, to close at $21.45 on very light trading of 0.041 million shares, compared to its three month average trading volume of 0.100 million. The retail planning and management group has been a popular choice with OTC investors recently, with the stock climbing 12.72% over the last month and has been outperforming the S&P 500 this year, having gained 18.96% YTD compared to the index which is only up 0.10%, making it a hold for now.
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