Market Vectors Gold Miners ETF (NYSEARCA:GDX) down by 1.94%, TW Telecom Inc (NASDAQ:TWTC)

Posted by Chris Bell May 10, 2013 0 Comment 1065 views


Market Vectors Gold Miners ETF (NYSEARCA:GDX): In the trading session on Market Vectors Gold Miners ETF (NYSEARCA:GDX) down by 1.94%. The opening price was $29.77 which touched an intraday high of $30.95 before dipping to $29.85 per share, in the Thursday trading session.  More than 6.78 million shares were traded over the day while the average volume was much higher and stood at 21.26 million. This was measured over a period of 90 days.

At the end of the fourth-quarter, Market Vectors Gold Miners ETF (NYSEARCA:GDX) was a holding company for hedge fund managers such as David Einhorn. However, this has not been a deterrent for the ETF to perform significantly worse than the yellow metal.

Over the last one year GDX slid by a whopping 34.2 percent. Options traders are not really very enthusiastic about the prospects for the company and there has been almost a 45 percent drop in ETF over the past year. Market Vectors Gold Miners ETF (NYSEARCA:GDX) tries its best to closely replicate the market price and the yield performance of GDM, the NYSE Arca Gold Miners Index.

TW Telecom Inc (NASDAQ:TWTC): In the trading session on TW Telecom Inc (NASDAQ:TWTC) lost 1.67%. The opening price of $28.60 touched an intraday high of $29.20 before dipping to $28.29 per share, in Thursday’s trading session.  More than 2.51 million shares were traded over the day while the average volume was much lower and stood at 1.92 million. This was measured over a 30-day period.

The company is a leading U.S provider of various managed services such as converged IP VPN solutions and Business Ethernet. Its clientele is spread across the United States as well as in different global locations. TW Telecom Inc (NASDAQ:TWTC) announced its 2013 financial, first-quarter results. The net revenue was $381.2 million which showed a sequential growth of 0.9% and a year over year growth of 6.2%. TW telecom’s net income was $13.1 million and it had $136.0 million of delivered M-EBITDA which represented 35.7% M-EBITDA margin1.

TW telecom inc. is a national provider of managed network services, to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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