Rising Stocks: MagneGas Corporation(NASDAQ:MNGA), CTI BioPharma Corp(NASDAQ:CTIC), and Elite Pharmaceuticals Inc(OTCBB:ELTP)
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MagneGas Corporation(NASDAQ:MNGA) gained thirteen cents during yesterday’s trading, an 11.21% increase in value that places the stock at a closing price of $1.29. The stock has traded within a range of $0.40 to $2.45 over the past 52 weeks. On Sept. 4th, MageNas Corporation(NASDAQ:MNGA) announced that it had entered into an agreement with a large confidential hog farm that will use MagneGas sterilization system and become the sole distributor of the company’s products in three states. The stock lost one cent during after-hours trading.
CTI BioPharma Corp(NASDAQ:CTIC) rose eleven cents yesterday, a 4.23% increase in value that places the stock at a new closing price of $2.59. The stock traded within a range of $2.57 to $2.72 during the day after opening at a price of $2.69. CTI BioPharma Corp(NASDAQ:CTIC) currently has a bid price of $2.50 x 600 and an offer price of $2.63 x 3,800. The stock gained one cent during after-hours trading.
Elite Pharmaceuticals Inc(OTCBB:ELTP) saw its value increase by 11.94% yesterday as the stock gained four cents to move to a new closing price of $0.375. The stock has traded within a range of $0.08 to $0.97 over the past 52 weeks. On Tuesday morning, the New Jersey-based company reported its top line results for its Human Abuse Liability study of the ELI-200 product. The results demonstrated the Elite Pharmaceuticals Inc(OTCBB:ELTP)product’s utility as an “abuse deterrent technology,” as said President and CEO Nasrat Hakim.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
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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