Rebounding Stocks: Monster Worldwide, Inc. (NYSE:MWW), Cereplast Inc. (OTCMKTS:CERP), Gastar Exploration Limited (USA) (NYSEMKT:GST)

Posted by Michael Korte May 2, 2013 0 Comment 957 views

Northern, WI 05/02/2013 (GDPInsider) – Monster Worldwide, Inc. (NYSE:MWW) is up 9.94% having opened trading at 4.76. The stock has trading volume of 2.63 million and a range of 4.65 and 4.88. MWW is down 50.88% on its 52-week high of 9.63 and up 17.66% on its 52-week low of 4.02. The stock is hovering below its 50-day simple moving average at 1.99% and up 8.08% on its 20-day simple moving average. This indicates that there have been minor short term gains. MWW has a target price of 7.31 and the stock has a RSI of 59.57. There are 116.54 million shares outstanding and institutions own 94.44% of the stock. The company has a market cap of $499.96 million with a P/E of 8.41.

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Cereplast Inc. (OTCMKTS:CERP) opened trading at 0.02 and is up 9.00% with a volume of 8 million. The stock’s range is 0.0190 and 0.0219 and the 52-week range is 0.01 and 0.07. There has been some buoyancy in the bioplastics sector and the company recently announced a new bioplastic resin grade with 51% algae biomass (Biopropylene(R) A150D). This is good news as this 51% algae content is post-industrial grade and should be available as a commercial product at some point in Q2 2013. Chairman and CEO, Mr Frederic Scheer, believes that the addition of Biopropylene(R) A150D is a new milestone for the company. “Our technology is at the forefront of the algae bioplastics market,” said Scheer.  CERP is trading below its 50-day simple moving average by 20.07% and has a RSI of 37.72.

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Gastar Exploration Limited (USA) (NYSEMKT:GST) is up 7.78% on trading volume of 315.49K. The stock opened at 2.57 and has a range of 2.56 and 2.80. The stock is down 3.13% on its 52-week high of 2.88 and up 298.57% on its 52-week low of 0.70. The technical chart shows a northward trend which started mid-March 2013. GST is up 47.49% on its 50-day moving average and 7.14% on its 20-day moving average. EPS Q/Q is up 400.98% and the company has a forward P/E of 12.24. EPS next year is set to grow by 40.00% and analysts have set a target price of 3.07. GST has a RSI of 63.56.

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About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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