Stocks That Have Seen Better Days: RadioShack Corporation(NYSE:RSH), Abercrombie & Fitch Co.(NYSE:ANF), and Crumbs Bake Shop Inc(OTCMKTS:CRMBQ)
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RadioShack Corporation(NYSE:RSH) gained another thirty-four cents during yesterday’s trading to move to a new closing price of $1.43. The 31.19% increase in value places the stock just eleven cents below its three month closing price high of $1.54. To contrast, RadioShack Corporation(NYSE:RSH), a Texas-based electronics retailer, is now situated $0.88 above its three month closing price low of $0.55. The company enjoyed a substantial increase in value as a result the news that Standard General could be providing rescue financing for the struggling company.
Abercrombie & Fitch Co.(NYSE:ANF) lost $2.13 during yesterday’s trading, a 4.84% decrease in value that left the stock at a closing price of $41.87. Nevertheless, the stock remains just $3.63 below its 52 week high of $45.50. Abercrombie & Fitch Co.(NYSE:ANF) announced Thursday that it intends to strip its logo from its clothing line. Teenagers used to purchase Abercrombie & Fitch for the logo on the clothing more so than the product itself. That time has passed.
Crumbs Bake Shop Inc(OTCMKTS:CRMBQ) rose eleven cents during yesterday’s trading, a 64.71% boost in value that moved the stock to a closing price of $0.28. The stock has traded within a range of $0.02 to $1.55 over the past 52 weeks and has closed within a range of $0.031 to $0.645 over the past three months. On Aug. 27th, the sale of Crumbs Bake Shop to an investor group led by Marcus Lemonis was approved in the U.S. Banruptcy Court of New Jersey.
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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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