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