Slumping Stocks: HB Fuller Co(NYSE:FUL), Allergan, Inc.(NYSE:AGN), and Cliffs Natural Resources Inc(NYSE:CLF)
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HB Fuller Co(NYSE:FUL) suffered a 14.32% decrease in value yesterday as the stock fell $6.30 to finish the day at a closing price of $37.68. The stock also traded for as little as $36.92 during the day, a new 52 week low for the company. HB Fuller Co(NYSE:FUL) had a trading volume of 2.94 million yesterday, a figure which is 2.73 million higher than its three month average volume of 0.21 million. The stock gained ten cents during after-hours trading.
Allergan, Inc.(NYSE:AGN) lost $1.40 to move to a new closing price of $174.88. The 0.79% loss came on a day when the stock notably traded for as much as $179.59, a new 52 week high for the company. Allergan, Inc.(NYSE:AGN) currently has a market capitalization of $52.39 billion and 297.18 million tradeable shares. The California-based company recently announced that they can “create more value than Valeant’s offer” to acquire the company for $56 billion.
Cliffs Natural Resources Inc(NYSE:CLF) saw its value decline by 8.7% yesterday as the stock fell $1.09 to move to a closing price of $11.44. Like HB Fuller Co, the stock also traded for a new 52 week low of $11.31 during the day. Cliffs Natural Resources Inc(NYSE:CLF) had a trading volume of 14.65 million yesterday, a figure which is 7.84 million higher than the company’s three month average volume of 6.81 million.
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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