Falling Stocks: American Apparel Inc(NYSEMKT:APP), ALKAME HOLDINGS INC(OTCMKTS:ALKM), and MONITISE PLC(OTCMKTS:MONIF)
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American Apparel Inc(NYSEMKT:APP) suffered a 1.84% decrease in value yesterday as the stock lost $0.017 to fall to a new closing price of $0.906. The stock has traded within a range of $0.46 to $1.52 over the past 52 weeks. On Sept. 9th, American Apparel Inc(NYSEMKT:APP) announced that it would be paying $1 million to settle the civil suit regarding the death of Tuan Phan, who was involved in a knitting machine accident at one of the clothing retailer’s facilities.
ALKAME HOLDINGS INC(OTCMKTS:ALKM) lost $0.004 during yesterday’s trading to move to a closing price of $0.221. The stock traded within a range of $0.19 to $0.25 during the day after opening at a price of $0.21. ALKAME HOLDINGS INC(OTCMKTS:ALKM) announced Monday that its products would be sold in Hawaii through the Kismet Natural Foods Brokerage Sales Force. The company had a trading volume of 4,810,955 yesterday, a figure which is substantially higher than its three month average of 984,219.
MONITISE PLC(OTCMKTS:MONIF) saw its value decline by 3.74% yesterday. The stock’s $0.027 loss places the United Kingdom-based mobile banking solutions company at a new closing price of $0.695. This mark is just $0.025 above its 52 week low of $0.67. MONITISE PLC(OTCMKTS:MONIF), a company that recently partnered with IBM, has closed below the $1 mark since June 24th, 2014. The company has a market capitalization of $1.42 billion and 1.96 billion tradeable shares.
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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