Hot Stocks: Exelixis, Inc.(NASDAQ:EXEL), Vision Industries Corp(OTCMKTS:VIIC), and Creative Edge Nutrition Inc(OTCMKTS:FITX)
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Exelixis, Inc.(NASDAQ:EXEL) suffered a 55.31% loss in value as the stock fell $2.29 to finish yesterday’s trading at a new closing price of $1.85. The mark also represents a new 52 week low for the San Francisco-based biotechnology company. Exelixis, Inc.(NASDAQ:EXEL) announced Tuesday morning that its prostate cancer drug, cabozantinib, had failed a late-stage study. As a result, the company will be cutting over 70% of its workforce and investors have soured on the stock.
Vision Industries Corp(OTCMKTS:VIIC) enjoyed a 152.24% boost in value as the stock gained $0.0102 to move to a new closing price of $0.0169. Despite the substantial increase in value, the stock remains over nine cents below its 52 week high of $0.11. Vision Industries Corp(OTCMKTS:VIIC), a California-based zero-emission hydrogen fuel cell developer, saw its trading volume spike to a figure of 81,055,965 yesterday. The stock has a three month average trading volume of 756,929.
Creative Edge Nutrition Inc(OTCMKTS:FITX) saw its value decline by 2.11% yesterday. The stock fell $0.0014 to move to a new closing price of $0.0650. The Michigan-based nutritional supplement company has closed within the five-to-seven cent range over the past three months. Creative Edge Nutrition Inc(OTCMKTS:FITX) announced Aug. 25th that Health Canada inspectors were present at its Site 1 facility on July 31st. The stock has closed within the six-to-seven cent range since the announcement, whereas the stock had previously traded solely within the five-to-six cent range over the previous weeks.
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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