Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) up by 18.86%, Trina Solar Limited (NYSE:TSL)

Posted by Chris Bell May 21, 2013 0 Comment 1984 views


Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT): In Monday’s trading session, Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT) gained 18.86%. Its opening price of $8.20 rose to touch an intraday high of $9.92 which eventually headed down to close at $8.14 per share. Over 18.35 million shares exchanged hands in the previous trading session. This number stood above the average volume of 5.56 million that was measured over a 30-day period.

Last week, Direxion Shares Exchange Traded Fund Trust (NYSEARCA:NUGT), a leader in alternative-investment solutions announced that it will execute reverse share splits for eight different leveraged exchange-traded funds (“ETFs”) and forward share splits for eight more leveraged ETFs. The net market value of these shares outstanding will not get affected due to these splits, except in context with the redemption of the fractional shares. NUGT’s RSI is currently running at 28.65. This is an indication that the stock has been oversold. NUGT has been trading -56.04% under its 50 day moving average and -83.11% under its 200-day moving average. NUGT is -91.53% under its 52-week high and -4.20% under its 52-week low.

Trina Solar Limited (NYSE:TSL): In Monday’s trading session, Trina Solar Limited (NYSE:TSL) gained 20.43%. Its opening price of $6.02 rose to touch an intraday high of $6.85 which eventually headed down to close at $5.90 per share. Over 11.92 million shares exchanged hands in the previous trading session. This number stood above the average volume of 3.74 million that was measured over a 30-day period.

In the 2012 fourth-quarter, TSL’s net profit margin and operating profit margin was -28.80% and -23.26% respectively. The net profit margin and the operating profit margin for the entire year in 2012 were -20.56% and -20.43% respectively. Return on average assets was -12.21% while return on average equity was -37.78% in the fourth-quarter of 2012. The return on average assets for the full year was -9.28% and the return on average equity was -26.30%. This is a clear indication that the company has had uncomfortable ratios and the profitability is indecent as well. The stock has experienced a7.87% volatility in the past week. In the same week its yield was -1.75%.


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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