Should You Avoid These Stocks? Office Depot Inc(NYSE:ODP), Merrimack Pharmaceuticals Inc(NASDAQ:MACK), and IAMGOLD Corp (USA)(NYSE:IAG)

Posted by Saimoon August 22, 2014 0 Comment 457 views


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Office Depot Inc(NYSE:ODP) lost twenty-three cents to finish the day at a closing price of $4.95. The 4.44% loss in value came in response to the news that Staples, a company Office Depot Inc(NYSE:ODP) once attempted to merge with in 1996, had forecasted decrease sales expectations for the third quarter. Naturally, if Staples were to see its sales drop, a root cause could be decreased interest in the marketplace as a whole. If that were to be the case, Office Depot would surely see its sales figures fall as well.

Will Office Depot Respond To Its Recent Losses? View Our Free ODP Analysis.

Merrimack Pharmaceuticals Inc(NASDAQ:MACK) saw its value decline by 4.5% during yesterday’s trading as the stock fell thirty cents to move to a new closing price of $6.37. Despite the decrease in value, the stock remains just $1.88 below its 52 week high of $8.25. To contrast, Merrimack Pharmaceuticals Inc(NASDAQ:MACK) is currently situated $4.32 above its 52 week low of $2.05. The Massachussetts-based company has not published a press release since announcing its second quarter financial results on Aug. 11th, which included a net loss of $18.3 million.

Why Have Investors Turned Sour On Merrimack Pharmaceuticals? Receive A Free MACK Analysis.

IAMGOLD Corp (USA)(NYSE:IAG) fell thirteen cents to close at $3.90. The stock has closed within a range of $3.03 to $4.19 over the past three months. On Aug. 20th, the Toronto-based company announced plans to begin a 5,000 meter second phase of diamond drilling at its Monster Lake project. In the first stage of the project, IAMGOLD Corp (USA)(NYSE:IAG) drilled a total of 4,528 meters, targeting the direct down-dip and lateral extensions of a mineralized zone that had been drill by TomaGold.

Should You Invest In IAMGOLD’s Current Project? Click Here For A Free IAG Analysis.

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