Are Today’s Results For These Stocks Misleading? RadioShack Corporation(NYSE:RSH), LabStyle Innovations Corp(OTCMKTS:DRIO), and Globalstar, Inc.(NYSEMKT:GSAT)
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RadioShack Corporation(NYSE:RSH) gained $0.89 during yesterday’s trading to move to a closing price of $0.669. The 15.34% increase in value, while substantial, does not overshadow the company’s recent developments. The company’s cash reservoirs are on course to be depleted by Oct. 2015 and stock’s value remains far closer to its 52 week low of $0.55 than it does to its high of $4.36. The Texas-based consumer goods company remains on a course for rock bottom.
LabStyle Innovations Corp(OTCMKTS:DRIO) suffered a monumental loss in value during yesterday’s trading. The stock fell $0.419 to finish the day at a closing price of $0.171. Although the Israel-based mobile health company did manage to regain $0.018 during after-hours trading, its movement was certainly not enough to offset its earlier 71.02% loss in value. The stock also notably traded for a new 52 week low of $0.10 during the day. The company reported a quarterly net loss per share of $0.14 on Aug. 15th.
Globalstar, Inc.(NYSEMKT:GSAT) saw its value increase by 3.76% yesterday. Its fifteen cent gain moved the stock to a closing price of $4.14. On Aug. 14th, the Louisiana-based mobile voice and data communications services company revealed that Qualcomm had purchased 4.15 million shares of the company. This news offset Globalstar’s financial results report, whose figures included a net loss of forty-eight cents per share. The stock gained an additional two cents during after-hours trading.
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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