Struggling Stocks: CONN’S, Inc.(NASDAQ:CONN), Stellar Biotechnologies Inc(OTCMKTS:SBOTF), and American Apparel Inc(NYSEMKT:APP)
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CONN’S, Inc.(NASDAQ:CONN) lost $13.83 during yesterday’s trading, a 30.85% decrease in value from the previous closing price that left the stock at a new mark of $31.00. The stock also traded for as little as $30.84 during the day, a new 52 week low for the Texas-based durable consumer goods company. CONN’S, Inc.(NASDAQ:CONN), a company with a market capitalization of $1.6 billion, lowered its forecast on Tuesday from the $3.40 to $3.70 range to the $2.80 to $3.00 range.
Stellar Biotechnologies Inc(OTCMKTS:SBOTF) fell fourteen cents yesterday to move to a new closing price of $1.45. This 8.81% decrease in value places the stock $0.91 below its 52 week high of $2.36. The California-based keyhole limpet hemocyanin developer announced Tuesday that its President and CEO, Frank Oakes, would be presenting at the Rodman & Renshaw 2014 Global Investment Conference. Stellar Biotechnologies Inc(OTCMKTS:SBOTF) had a trading volume of 1,487,563 on Tuesday.
American Apparel Inc(NYSEMKT:APP) gained six cents to rise to a new closing price of $1.01, a 6.88% increase relative to the previous closing price. The California-based clothing retailer recently announced that its investor, Lion Capital, had named Robert Mintz to the company’s board of directors. Mintz, who has worked as an executive in the food industry, is an old friend of Dov Charney, the founder of American Apparel Inc(NYSEMKT:APP). Charney was relived of his duties as CEO before the end of the second quarter.
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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