Stocks Losing Momentum: Arch Coal Inc (NYSE:ACI), Mitsubishi UFJ Financial Group Inc. (ADR) (NYSE:MTU), Synovus Financial Corp. (NYSE:SNV)

Posted by Ryan Mandell April 23, 2013 0 Comment 6987 views

Northern, WI 04/23/2013 (GDPInsider) –  Arch Coal Inc (NYSE:ACI) opened trading today at $4.88 but has since slumped 6.54%. The stock’s previous close $4.89 and the day’s trading range is $4.50 and $4.90. The marginal drop in stock price looks almost certainly tied to the company’s latest earnings call which took place today. In it ACI blamed Q1 losses on lower prices and poor sales volumes. The company has an adjusted net loss of $0.34 a share—a jump on the $0.04 adjusted net loss reported the year before. Arch Coal is upbeat about the second quarter, however, and expects the coal market to bounce back.

Is ACI a solid investment at these levels? Get must-have updates and insights right here.

Mitsubishi UFJ Financial Group Inc. (ADR) (NYSE:MTU) opened trading at $6.55 and is trading up 0.46%. The stock’s previous close was $6.57 and the day’s range is $6.55 and $6.60. Volume in MTU is presently 2.22 million shares and there are 14.16 billion shares outstanding. Institutions own just 0.95% of shares in the company. The technical; chart for the stock shows a northward climb and this trend started in December 2012. The stock is presently trading 3.26% above its 20-day moving average and 28.60% above its 50-day moving average. The stock is currently trading above the target price of $6.41 set by analysts and the forward P/E for MTU is 13.14.

 How Should Investors Trade MTU Now? Get exclusive insights in this free report!

Synovus Financial Corp. (NYSE:SNV) opened trading at $2.56 and is trading down 0.39%. Trading volume is 7.16 million shares and the day’s range is $2.48 and $2.57. The stock is down 12.45% on its 52-week high but up 54.22% on its 52-week low. The RSI for the stock is 39.21 and a analysts have set a target price of $2.79 for SNV. The stock is currently trading down 4.85% on its 20-day moving average and a further 5.46% down on its 50-day moving average. The company has a debt/eq ratio of 0.54 and EPS this year is tipped to grow by 660.77%.

How Should Investors Trade SNV Now? Get the latest trends and data here.


About Ryan Mandell

Ryan Mandell is our senior staff writer covering the White House for Political Report, Ryan also coordinates with the main newsroom news items and contributing write-ups on cultural, social and political activities. Ryan holds an undergraduate degree in journalism, a Doctorate in international relations and a Master Degree in mass communications with an emphasis in print journalism. Ryan also covered the International Society of Social Defense congress in Spain in 2007 and taken part in the Global Forum on economic policies

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