Falling Stocks: VirnetX Holding Corporation(NYSEMKT:VHC), Orexigen Therapeutics, Inc.(NASDAQ:OREX), and GoPro Inc(NASDAQ:GPRO)
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VirnetX Holding Corporation(NYSEMKT:VHC) lost $2.25 to fall to a closing price of $5.37. The stock also traded for as little as $4.18 during the day, a new 52 week low for the Nevada-based software and technology solutions company. VirnetX Holding Corporation(NYSEMKT:VHC) was downgraded by Gilford Securities on Thursday following the news that the company’s patent claim worth $368.2 million against Apple had been thrown out by the United States Court of Appeals for the Federal Court.
Orexigen Therapeutics, Inc.(NASDAQ:OREX) suffered a 1.41% decrease in value yesterday as the stock fell seven cents to move to a closing price of $4.89. The company traded within a range of $4.82 to $5.00 during the day after opening at a price of $5.00. Orexigen Therapeutics, Inc.(NASDAQ:OREX) presented at the Bank of America Merrill Lynch Global Healthcare Conference in London yesterday. The stock lost an additional five cents during after-hours trading.
GoPro Inc(NASDAQ:GPRO) saw its value decline by 1.82% yesterday on an eighty-nine cent loss. The company’s new closing price of $66.33 places the stock just $8.09 below its 52 week high of $71.42. GoPro Inc(NASDAQ:GPRO) currently has a market capitalization of $8.47 billion and 126.01 million tradeable shares. The company currently has a bid price of $65.90 and an offer price of $66.58 x 200. GoPro maintained its value during after-hours training.
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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