Do The Fluctuations In Vivus Inc (VVUS) and Abraxas Petroleum Corp (AXAS) Make Them Good Potential Investments?
New York, NY – GDP INSIDER – 03/24/2015.
This article discusses two companies: Vivus Inc (NASDAQ:VVUS) and Abraxas Petroleum Corp (NASDAQ:AXAS)
Vivus Inc (NASDAQ:VVUS) continued its bumpy trend with the stock falling back 2.02% or $0.06 to close at $2.91 on not very active trading of 1.375 million shares, compared to its thee month average trading volume of 2.538 million. The developer of innovative next generation therapies for obesity, diabetes and sleep apnea has been trading within a fairly narrow range of $2.50 and $3.10 for the last month and has been showing no signs of breaking out from this so far. Overall, the stock is down 50.17% over the last 52 weeks and has been vastly underperforming the S&P 500 which is up 12.75% over the same period. Despite this, the stock is doing better so far this year as it is up 1.04% YTD. As is often the case with drug development companies its future performance will mostly depend on the success of the drugs currently in its testing pipeline making it a medium term hold for now.
Abraxas Petroleum Corp (NASDAQ:AXAS) bounced back slightly yesterday with the stock gaining 4.12% or $0.12 to close at $3.03 with more than 3.481 million shares changing hands, compared to its three month average trading volume of 2.427 million. The independent oil and natural gas developer and distributor posted the gains after both Brent crude and WTI crude futures rose close to 1% for May deliveries. Countering the increase in oil futures, there was negative news, as Saudi Arabia announced it was now producing 10 million barrels of oil a day, which is close to a record high and said it would only consider reducing production if other OPEC countries did so as well. Overall Abraxas Petroleum Corp is not performing that badly compared to others in the sector with the stock up 3.06% so far this year, but without some serious global impetus to control oil production, the stock is unlikely to make further major gains.
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