Are These Stocks Safe Investment Options? InterMune Inc(NASDAQ:ITMN) and WORLDWIDE INTERNET(OTCMKTS:WINTR)
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InterMune Inc(NASDAQ:ITMN) enjoyed a 14.44% increase in value during yesterday’s trading as the stock gained $6.57 to finish the day at a closing price of $52.06. The stock notably traded for as much as $54.57 during the day, a new 52 week high for the company that once traded for as little as $10.95. The company has a market capitalization of $5.26 billion with 107.97 million tradable shares.
Despite reporting impressive sales for Esbriet, which inhibits the synthesis of TGF-beta in its users, InterMune reported a significant second quarter loss that disappointed investors. The company is now for sale and is receiving bids from companies such as Sanofi SA (ADR) (NYSE:SNY) and Roche Holding Ltd. (VTX:ROG). The stock lost forty-six cents during after-hours trading.
WORLDWIDE INTERNET(OTCMKTS:WNTR) saw its value decrease by 9.3% during yesterday’s trading, as its loss of $0.0004 left the stock at a closing price value of $0.0039. The stock remains considerably below its 52 week high of $0.02. The Virginia-based datacenter services and emergency notifications technology developer currently has a market capitalization of $4.93 million.
On July 31st, Worldwide Internet issued a dividend to shareholders that consisted of one share of GCHI Green Company Holdings, Inc. for every 100 shares of Worldwide Internet. GCHI, a diversified holding company, consists of Worldwide Internet’s previous interests in the following companies: Green Company Holdings, Inc.; Pamlico Energy; Greener Wind Solutions, Inc.; Hemp MarketWatch; and E3 Services and Solutions. Worldwide Internet’s value has remained around the $0.004 mark since the announcement.
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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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