Rebounding Stocks: Arena Pharmaceuticals, Inc.(NASDAQ:ARNA), KiOr Inc(NASDAQ:KIOR), and Provectus Biopharmaceuticals Inc(NYSEMKT:PVCT)
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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) traded for as little as $3.82 today, a new 52 week low for the company. However, the company’s closing price reflected an eight cent boost from the figure recorded on Sept. 9th. This 2.05% increase in value places the stock at a new closing price of $3.98. The stock also gained an additional two cents during after-hours trading. Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) currently has a market capitalization of $857.36 million and 219.84 million tradeable shares.
KiOR Inc(NASDAQ:KIOR) saw its value increase by 50.48% yesterday as the stock gained $0.053 to move to a new closing price of $0.158. The stock has traded within a range of $0.09 to $3.10 over the past 52 weeks. In other words, while the boost in value enjoyed by KiOr Inc(NASDAQ:KIOR) may be significant, the company remains close to rock bottom. The company had a trading volume of 5,217,325 yesterday, a figure which is substantially higher than its three month average of 782,217.
Provectus Biopharmaceuticals Inc(NYSEMKT:PVCT) gained six cents as the stock moved to a new closing price of $1.12. Nevertheless, the stock, like KiOr and Arena Pharmaceuticals, remains close to its 52 week low of $0.30. To contrast, the stock is currently $4.91 below its 52 week high of $6.03. Provectus Biopharmaceuticals Inc(NYSEMKT:PVCT), a company with a market capitalization of $187.24 million, currently has a bid price of $1.12 x 800 and an offer price of $1.15 x 5,000.
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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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