Smart Investment Decisions? Lion Biotechnologies Inc (LBIO), ImmunoCellular Therapeutics Ltd (IMUC) and Crestwood Equity Partners LP (CEQP)
New York, NY – GDP INSIDER – 03/31/2015.
This article discusses three companies: Lion Biotechnologies Inc (NASDAQ:LBIO), ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) and Crestwood Equity Partners LP (NYSE:CEQP)
Lion Biotechnologies Inc (NASDAQ:LBIO) bounced back yesterday with the stock closing up 3.75% or $0.42 to finish the day at a new closing price of $11.62 on higher than normal trading volume of 1.37 million compared to its three month average trading volume of 0.320 million after the co-announcement of positive results from a pilot trial of TIL and ipilimumab. Lion Biotechnologies Inc has been outperforming the S&P 500 since the beginning of the year with the stock up 47.65%, compared to the index which is up 1.33% for the same period, making it a hold.
ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) saw its value decline by 2.31% yesterday as the stock fell $0.012 to finish the day at a closing price of $0.500. That being said, the situation could have been much worse for the California based clinical stage biotechnology company, as ImmunoCellular Therapeutics Ltd dropped to a new 52 week low of $0.49 during yesterday’s trading. The company, which has a market cap of $46.20 million, had trading volume of 1.57 million, a figure which is higher than its 30-day average trading volume of 0.993.
Crestwood Equity Partners LP (NYSE:CEQP) traded for a new one year low of $5.83 yesterday before finishing the day at a closing price of $5.83 after a 2.02% loss of $0.12. The decline in value came despite the fact that the company did not make any significant announcements or release any financial figures. With RSI of 38.81 and target price estimate of $8.14 the stock has potential growth, but will largely be dependent on whether the oil prices go up again. Better to sell than hold for now.
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