Nektar Therapeutics (NKTR), JetBlue Airways Corporation (JBLU) and Vaalco Energy Inc (EGY) Look Risky, But Is There Opportunity Here?
New York, NY – GDP INSIDER – 03/19/2015.
This article discusses three companies: Nektar Therapeutics (NASDAQ:NKTR), JetBlue Airways Corporation (NASDAQ:JBLU) and Vaalco Energy Inc (NYSE:EGY)
Nektar Therapeutics (NASDAQ:NKTR) dropped sharply yesterday to close down 11.46% or $1.62 at $12.51 on very heavy trading of 5.705 million shares. The decline began after the clinical stage drug developer announced its breast cancer treatment candidate NKTR-102 had failed in its phase III testing to produce survival rates that are above the statistically significant mean. As a result, several law firms are now investigating Nektar Therapeutics to see whether it issued false or misleading statements to investors, putting it in breach of federal securities laws. Given the situation the best alternative is to sell at this time.
JetBlue Airways Corporation (NASDAQ:JBLU) continued to climb yesterday with the stock reaching a new 52 week high of $19.44 before falling back slightly to close up 0.42% or $0.08 at $19.24 with more than 7.365 million shares changing hands, compared to its three month average trading volume of 7.394 million. The stock has been rising recently as JetBlue Airways Corporation is showing the best revenue trends of its nearest rivals in the first quarter, combined with lower costs as oil prices continue to fall. With RSI of 71.66 it may be overvalued making it a hold at this time.
Vaalco Energy Inc (NYSE:EGY) continued to fall yesterday with the stock closing down 3.93% or $0.14 at $3.42 on higher than average trading of 1.867 million shares. The independent oil and natural gas developer and producer has been declining since the middle of February and is now down 25% for the year so far compared to the S&P 500 which is up 1.97% for the same period. Vaalco Energy Inc is getting hit hard by the decline in oil prices and with RSI of 20.27 is still a sell or risky hold.
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