Falling Stocks: USEC Inc.(NYSE:USU), Otonomy Inc(NASDAQ:OTIC), and SFX Entertainment Inc(NASDAQ:SFXE)

Posted by admin September 26, 2014 0 Comment 1503 views


New York, NY – 09/26/2014 –  HotStockGains provides investors  and traders with valuable trading strategies via text message and email. To join our free text message alerts service just text the word BREAKOUT to 555888 from your cell phone. Just text STOP to unsubscribe if you ever need to.

USEC Inc.(NYSE:USU) suffered a 28.75% loss in value yesterday as the stock fell forty-six cents to finish the day at a closing price of $1.14. The stock traded for as little as $1.11 during the day, a new 52 week low for the company. USEC Inc.(NYSE:USU) had a trading volume of 2.87 million yesterday, a figure which is 1.42 million higher than its three month average volume of 1.45 million. The Maryland-based company will emerge from Chapter 11 restructuring on Sept. 30th, 2014. The stock gained five cents during after-hours trading.

Otonomy Inc(NASDAQ:OTIC) traded for a new 52 week high of $26.55 during yesterday’s trading. However, the stock lost thirty-five cents to finish the day at a closing price of $24.94, a 1.38% decrease in value from the previous closing price. Yesterday’s activity also included a trading volume of 151,416 for Otonomy Inc(NASDAQ:OTIC), a figure which is 202,121 lower than the company’s three month average volume of 353,537. The company has a bid price of $24.85 x 200 and an offer price of $25.00 x 3,700.

SFX Entertainment Inc(NASDAQ:SFXE) lost fifty-one cents to finish the day at a closing price of $5.23, an 8.89% loss in value from the previous closing price. The stock also traded for as little as $4.91 during the day, a new 52 week low for the New York-based live events and digital entertainment content company. On Sept. 24th, SFX Entertainment Inc(NASDAQ:SFXE) announced that it had closed its sales of $75 million aggregate principal amount of additional second lien senior secured notes.

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