Strong Investment Options? First Niagara Financial Group Inc. (FNFG), Orexigen Therapeutics Inc (OREX) and Comstock Resources Inc (CRK)
New York, NY – GDP INSIDER – 05/19/2014.
This article discusses three companies: First Niagara Financial Group Inc. (NASDAQ:FNFG), Orexigen Therapeutics Inc (NASDAQ:OREX) and Comstock Resources Inc (NYSE:CRK)
First Niagara Financial Group Inc. (NASDAQ:FNFG) started to reverse its recent losses with the stock closing up 1.13% or $0.10 to close at $8.98, on light trading volume of 2.017 million compared to its three month average trading volume of 2.66 million. The $3.19 billion market cap company, which oscillated between $8.87 and $9.02 during yesterday’s trading, is currently situated 32.05% above its one year low of $6.86 and only 1.53% below its one year high of $9.12. The company has performed well over the past six months. The stock is up 17.09% compared to the S&P 500 index, which has gained only 3.77% over the same period. However, with negative EPS of -2.15 and quarterly revenue growth of -1%, the stock may be better to hold than buy at this time.
Orexigen Therapeutics Inc (NASDAQ:OREX) saw a minuscule decline of three cents with the stock closing down 0.60% to finish the day at $4.98 on fairly light trading volume of 2.506 million, compared to its three month average trading volume of 6.09 million. The biopharmaceutical company, which focuses on obesity treatments, has been declining over the past one year with the stock down 7.09% and so far this year with the stock is already down 17.82% YTD. However, with RSI of 21.53 and quarterly revenue growth of 388.90% (yoy), the stock has plenty of upside potential to achieve one year target price estimate of $11.57, making it a solid buy.
Comstock Resources Inc (NYSE:CRK) continued its recent downward trend yesterday as the stock lost ten cents to finish the day at a closing price of $4.05, a 2.41% decrease in value from its previous closing price. The Texas-based oil and natural gas acquisition, exploration and development company has been seeing its value decline recently, in line with the ongoing weakness in the price of oil. Comstock Resources Inc has been underperforming the index for the last one year, with the stock down over 85% compared to the S&P 500 which is up 13.69% over the same period. With its RSI declining and bearish MACD divergence, the stock does not look like it is going to climb much higher in the near term, sell for now.
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