How Have The Market Responded To The Earnings Reports For These Stocks? Cal Dive International, Inc.(NYSE:DVR), Rock Creek Pharmaceuticals Inc(NASDAQ:RCPI), and MagneGas Corporation(NASDAQ:MNGA)
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Cal Dive International, Inc.(NYSE:DVR) suffered a 22.07% decrease in value during yesterday’s trading, falling twenty-five cents to finish the day at a closing price of $0.87. The mark represents a new three month low for the company that once closed for as much as $1.54 on Jun. 17Th, 2014. During trading yesterday, the stock also reached a new 52 week low of $0.68. Before the markets opened yesterday, the Texas-based company released its second quarter financial results, which included a earnings per share of negative $0.31.
Rock Creek Pharmaceuticals Inc(NASDAQ:RCPI) also lost a significant amount of value during yesterday’s trading, falling six cents to close at $0.38. The stock also fell an additional seven cents during after-hours trading, a 18.36% loss that moved the stock to a value of $0.31. The new mark places the Florida-based pharmaceutical company just one cent above its 52 week low of $0.30. Rock Creek’s after-hours losses were brought about by its second quarter financial results release, which occurred after the market’s closed on Monday.
MagneGas Corporation(NASDAQ:MNGA) fell eight cents during yesterday’s trading, a 5.97% loss in value that left the stock at a closing price of $1.26. Although the Florida-based alternative energy company remains four cents above its three month closing price low of $1.22 recorded on May 16th, the stock is also $0.36 below the $1.72 mark the company reached on Jun. 2Nd, 2014. Since the company released its second quarter financial results on Aug. 6th, the stock has lost 5.9% of its value. The stock has lost an additional cent during after-hours trading.
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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