Have These Companies Bottomed Out Titan International Inc (TWI), Rocket Fuel Inc (FUEL), And W&T Offshore, Inc. (WTI)?
New York, NY – GDP INSIDER – 01/29/2015.
Titan International Inc (NYSE:TWI) dropped 4.23% to $9.05, after opening the session at $9.53. Yesterday’s closing price managed to put the stock 10.38% below its 20-Day SMA and 53.85% below its 52-week high. TWI declined further in the afterhours, losing $0.08 to close the day at $8.97. The stock fell to a new 52-week low of $9.02 and touched a session high of $9.56. TWI carries a consensus target price of $11.50.
Yesterday’s session saw TWI trade on a volume of 1.02 million shares, way above the average daily volume of about 542,848 shares.
Rocket Fuel Inc (NASDAQ:FUEL) plunged 4.17% to $12.88, after it opened the session at $13.58. Yesterday’s closing price set the stock 80.75% below its 52-week high. The stock traded on a relatively large volume of 545,672 shares compared to the average daily volume of 612,936 shares. FUEL traded in the range of $12.86 and $13.69. The stock currently carries an average target price of $21.77. FUEL ended yesterday’s session with a market cap of $552.01 million.
In the most recent quarter, the company reported that sales were up 63.40% QoQ.
Rocket Fuel Inc (NASDAQ:FUEL) recently announced expansion to Latin America as it established a new office in Brazil’s Sao Paulo. Digital ad spending in Brazil is expected to reach $3.33 billion this year, and FEUL is seeking to tap into that growth.
W&T Offshore, Inc. (NYSE:WTI)’s massive 6.88% plunge to $5.14 in yesterday’s session placed it 73.35% below its 52-week high. The stock traded in the range of $5.12 and $5.50, after it opened the session at $5.50. WTI touched a new 52-week low of $5.12 on a massive volume of 2.48 million shares compared to the average daily volume of 2.21 million shares. The stock carries a consensus target price of $8.19.
Sales at WTI fell 4.10% sequentially in the most recent quarter. Insider ownership in WTI was last disclosed as 53.80%.
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