Are They All Winners? Residential Investment Corp (NRZ), Pandora Media Inc (P) and United States Steel Corporation (X)
New York, NY – GDP INSIDER – 04/14/2014.
This article discusses three companies: New Residential Investment Corp (NYSE:NRZ), Pandora Media Inc (NYSE:P) and United States Steel Corporation (NYSE:X)
New Residential Investment Corp (NYSE:NRZ) climbed slightly yesterday after hitting a new 52 week high of $16.62 during the day, with the stock closing up 0.73% or $0.25 at $16.49 on heavy trading of 5.01 million shares, compared to its 30 day average trading volume of 3.01 million. The stock has been performing well over the past one year with the stock gaining 30.87%, compared to the S&P 500 index, which has gained 14.30% for the same period. While the MFI of 59.09 is not concerning, the RSI of 83.10 is on the verge of pushing into more concerning territory. That said, the stock could move higher, and these technical are not yet indicating a near term reversal.
Pandora Media Inc (NYSE:P) gained twelve cents to finish the day at a closing price of $17.11, a 0.71% increase in value from its previous closing price on lower than average trading volume of 5.01 million, compared to its 30 day average trading volume of 6.05 million. The internet radio services provider in the United States, which oscillated between $17.01 and $17.70 during the day, has been trading within a range of $14.50 to $30.48 over the past 52 weeks. Pandora Media Inc has mixed fundamentals with a strong current ratio of 3.90 and quarterly year on year revenue growth of 95.60% but weak EPS of $-0.15. At this price however, it does have potential for growth.
United States Steel Corporation (NYSE:X) saw an increase of 0.57% as the stock gained fourteen cents to finish the day at a closing price of $24.86 with 4.90 million shares changing hands compared with its 30 day average trading volume of 8 million. The stock, however, lost 0.04% during afterhours trading after analysts at Citigroup Inc reiterated their ‘sell’ rating on the stock and lowered their price target from $17 to $15 per share. United States Steel Corporation has been falling steadily for most of the last six months with the stock down 26.41%, but has been starting to gain back some of these losses since the beginning of this month with the stock up 9.85%, making it a hold for now.
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