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