Collapsing Companies: Regado Biosciences Inc(NASDAQ:RGDO), Rentech, Inc.(NASDAQ:RTK), and Ampio Pharmaceuticals Inc(NYSEMKT:AMPE)
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Regado Biosciences Inc(NASDAQ:RGDO) lost five cents as the stock fell to a new closing price of $1.13 yesterday, a 4.24% loss in value from the previous closing price. The stock has traded within a range of $1.01 to $14.10 over the past 52 weeks. Regado Biosciences Inc(NASDAQ:RGDO) is currently facing a class action lawsuit for allegedly violating federal securities laws. The company currently has a bid price of $1.12 x 2,800 and an offer price of $1.20 x 100.
Rentech, Inc.(NASDAQ:RTK) fell seven cents yesterday, a 3.27% loss in value that places the stock at a new closing price of $2.07. The stock traded within a range of $2.06 to $2.14 during the day after opening at a price of $2.12. Rentech, Inc.(NASDAQ:RTK) will be attending the Imperial Capital Global Opportunities Conference in New York City on Sept. 18th, 2014. The company had a trading volume of 1,785,439 yesterday, a figure which is 586,081 below its three month average of 2,371,520.
Ampio Pharmaceuticals Inc(NYSEMKT:AMPE) saw its value decline by 1.4% yesterday as the stock lost five cents to move to a new closing price of $3.52. The stock also traded for as little as $3.43 during the day, a new 52 week low for the Colorado-based development stage company. Recently, the products of Ampio Pharmacueticals Inc(NYSEMKT:AMPE) have received some criticism from the media. TheStreet recently opined that the company’s knee arthritis drug is just about as effective as a placebo.
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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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