Struggling Stocks: SIGA Technologies, Inc.(NASDAQ:SIGA), Vringo, Inc.(NASDAQ:VRNG), and RadioShack Corporation(NYSE:RSH)
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SIGA Technologies, Inc.(NASDAQ:SIGA) lost one cent to finish the day at a closing price of $1.34. The 0.74% loss places the stock just twelve cents above its 52 week low of $1.22. The New York-based pharmaceutical solutions developer recorded a trading volume of only 198,437. This figure is substantially lower than its three month average of 349,961. SIGA Technologies, Inc.(NASDAQ:SIGA), which has a market capitalization of $72.23 million, has closed within a range of $1.30 to $2.93 over the past three months.
Vringo, Inc.(NASDAQ:VRNG) gained one cent to move to a new closing price of $1.06. The stock gained an additional two cents during after-hours trading, a 1.89% increase in value from its closing price. Nevertheless, the stock remains $4.37 below its 52 week high of $5.45. Vringo, Inc.(NASDAQ:VRNG), which recently suffered a huge loss in value as a result of having its patent claims against AOL Inc. and Google Inc. ruled “invalid for obviousness.”
RadioShack Corporation(NYSE:RSH) enjoyed a 26.74% increase in value as the stock gained twenty-three cents to finish the day at a closing price of $1.09. The stock remains $0.54 above its three month closing price low of $0.55. Nevertheless, the company’s low value is still a strong representation of the collapse RadioShack Corporation(NYSE:RSH) has suffered. However, the company’s stock value was boosted yesterday by the news that Standard General may offer rescue financing.
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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