How Does The Future Look For TrueCar Inc (TRUE), Liberty Interactive Group (QVCA) and Coty Inc (COTY)?
New York, NY – GDP INSIDER – 05/11/2014.
This article discusses three companies: TrueCar Inc (NASDAQ:TRUE), Liberty Interactive Group (NASDAQ:QVCA) and Coty Inc (NYSE:COTY)
TrueCar Inc (NASDAQ:TRUE) continued to decline during Friday’s trading session as the stock lost $0.91 to finish the day at $14.11, a 6.12% decrease in value from its previous closing price of $15.03 on heavy trading of 4.962 million compared with its three month average trading volume of 1.36 million. The US-based data and analytics technology infrastructure company declined after it reported a net loss of $11.6 million in its first quarter on Thursday. The company posted revenue of $58.6 million, which missed analysts’ estimate of $58.8 million by $0.2 million. The shares have not been performing well so far this year with the stock down 38% and with the stock just passing a bearish MACD crossover it may continue to fall.
Liberty Interactive Group (NASDAQ:QVCA) declined on Friday with the stock declining 4.71% or $1.37 to finish the day at a closing price of $27.70 with more than 4.19 million shares changing hands, compared to its three month average trading volume of 1.27 million. The sell off began after the company announced a net loss of $8 million or $0.06 per share in its first quarter on Friday. Despite the loss, the stock is trading towards the upper end of its 52 week range of $22.37 to $29.77. With the stock now down 6.26% over the last 30 days and RSI at 34, it is starting to look like a very good potential purchase, making it a buy at this time.
Coty Inc (NYSE:COTY) continued its recent downward trend on Friday as the stock lost 3% or $0.81to finish the day at $23.87 on high trading volume of 2.76 million shares, compared to its three month average trading volume of 0.914 million. The shares are down by 3% over the past one week but are up over 9% in the past three months. The 52-week range is $15.05 to $25.76. The technical indicators are not pointing to move in the stock one way or the other. However, with RSI of 44.92 and bearish MACD divergence, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
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