Have These Companies Bottomed Out Titan International Inc (TWI), Rocket Fuel Inc (FUEL), And W&T Offshore, Inc. (WTI)?

Posted by Lynn Eisler January 29, 2015 0 Comment 1300 views


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.

Is TWI Going To Turn It Around Or Will It Continue To Freefall? See Where TWI Is Going Next With A Free Trend Analysis

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.

Will FUEL Continue To Drift Lower Or Will It Be Able To Find Support And Reverse? See What’s In Store For FUEL With A Free Trend Report

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%.

Is WTI Going To Continue Selling Off Or Will Things Start Turning Around Soon? See What’s Next For WTI With A Free Trend Report

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About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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