Slumping NASDAQ Stocks: ANADIGICS, Inc.(NASDAQ:ANAD), Arena Pharmaceuticals, Inc.(NASDAQ:ARNA), and Zynga Inc(NASDAQ:ZNGA)
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ANADIGICS, Inc.(NASDAQ:ANAD) lost six cents to fall to a new closing price of $0.78, a 7.14% decrease in value from the previous closing price. The traded within a range of $0.73 to $0.88 during the day after opening at a price of $0.86. ANADIGICS, Inc.(NASDAQ:ANAD) currently has a bid price of $0.74 x 10,000 and an offer price of $0.80 x 10,000. The New Jersey-company announced Monday that it would be shipping production volumes of its products to a technology company.
Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) fell eight cents during yesterday’s trading, a 1.99% loss in value that places the stock at a new closing price of $3.95. The stock has traded within a range of $3.90 to $7.97 over the past 52 weeks. This places the current price of Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) just five cents above its 52 week low of $3.90. To contrast, the company is now situated $4.02 below its 52 week high of $7.97. On Sept. 2nd, the company announced that its APD811 product had received Orphan Drug Status from the FDA.
Zynga Inc(NASDAQ:ZNGA) suffered a 1.95% loss in value yesterday as the stock fell six cents to move to a new closing price of $3.02. The stock remains just $0.32 above its 52 week low of $2.70. Over the past three months, Zynga Inc(NASDAQ:ZNGA) has closed within a range of $2.79 to $3.24. On Sept. 4th, the San Francisco-based mobile game developer released its new NFL Showdown app, which offers consumers an alternative to fantasy football.
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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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