Should You Expect These Underperforming Stocks To Bounce Back? Vringo, Inc.(NASDAQ:VRNG) and Molycorp Inc(NYSE:MCP)

Posted by Saimoon August 21, 2014 0 Comment 1169 views


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Vringo, Inc.(NASDAQ:VRNG) lost twenty-four cents during yesterday’s trading as the stock fell to a new closing price of $1.16. The 17.14% decrease in value is disappointing news for the New York-based intellectual property company. The stock appeared to be climbing out of its current disappointing position after gaining $0.52 on the Aug. 18th and 19th trading days to move above its three month closing price low of $0.88.

The company first reached its $0.88 low due to the U.S. appeals court’s decision to reject I/P Engine’s, a Vringo, Inc.(NASDAQ:VRNG) subsidiary, patent claims against several companies. Previously, I/P Engine had won a jury verdict against Google and was awarded over $30 million. Stockholders did not respond positively to the U.S. Court of Appeals’s decision to reject both patent claims, as the stock had remained fixed in the $3 range prior to the ruling.

Is Vringo Doomed To Remain Below The $2 Mark? Receive A Free VRNG Analysis.

Molycorp Inc(NYSE:MCP) fell nine cents during yesterday’s trading, a 4.43% decrease in value that moved the stock to a closinng price of $1.94. The 4.43% decrease in value is just as disappointing for the Colorado-based rare earth mining company as yesterday’s result were for Vringo.

Molycorp had likewise appeared to be climbing out of its disappointing hole, reaching a value of $2.36 on Aug. 8th after having traded below the $2 mark on numerous occasions over the past three months. However, it appears that Molycorp’s fortunes have turned for the worse.

Nevertheless, Molycorp remains a heavily traded stock as the company had a trading volume of 6,167,666 yesterday. This figure is substantially higher than its three month average trading volume of 4,492,470.

Will Molycorp Recover From Its Recent Disappointing Trading Days? Click Here For A Free MCP Analysis.

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