Is Growth What The Future Holds For Arch Coal Inc (ACI), RXi Pharmaceuticals Corp (RXII) and ANADIGICS, Inc. (ANAD)?
New York, NY – GDP INSIDER – 05/04/2014.
This article discusses three companies: Arch Coal Inc (NYSE:ACI), RXi Pharmaceuticals Corp (NASDAQ:RXII) and ANADIGICS, Inc. (NASDAQ:ANAD)
Arch Coal Inc (NYSE:ACI) declined again on Friday with the stock sliding 3.89% or $0.038 to close at $0.936 on fairly active trading of 3.70 million shares, compared to its 30 day average trading volume of 3.46 million. The supplier of cleaner burning metallurgical coal for power generators has been trending down for the last 52 weeks, with the shares price now 80% lower for the period and down 47% so far this year. As natural gas prices fall, it negatively impacts coal prices. However, Arch Coal Inc is fighting back by striving hard to cut costs, better to sell than hold.
RXi Pharmaceuticals Corp (NASDAQ:RXII) continued to climb on Friday with the stock gaining an additional 2.92% or $0.02 to close at $0.67 on heavy trading of 2.197 million shares, compared to its three month average trading volume of 0.827 million shares. RXi Pharmaceuticals Corp has not been doing particularly well over the past one year, with the stock trading about 78% under the S&P 500. With this week’s losses, the stock has now lost 58.12% so far this year, compared to the S&P 500 which has gained 2.40% over the same period. With RSI of 40 and one year target price estimate of $4.63, the stock has plenty of upside potential making it a hold.
ANADIGICS, Inc. (NASDAQ:ANAD) continued to climb during Friday’s trading with the stock closing up 2.27% or $0.03 to close at $1.36 with only 0.160 million shares changing hands compared to its three month average trading volume of 0.419 million. The designer and manufacturer of wireless infrastructure solutions had been outperforming the S&P 500 by about 19% for most of the past one year and its recent gains have pushed the stock up 80% YTD, versus the S&P 500 which is up 2.40% for the same period. With RSI of 50.84 and one year price target estimate of $1.50, it is a strong hold at the moment.
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