Tumbling Stocks: MGIC Investment Corp.(MTG), Ocwen Financial Corp(OCN) and Dendreon Corporation(DNDNQ)?

Posted by Saimoon January 21, 2015 0 Comment 873 views


New York, NY – GDP INSIDER  –  01/21/2015.

This article discusses three companies: MGIC Investment Corp.(NYSE:MTG), Ocwen Financial Corp(NYSE:OCN) and Dendreon Corporation(OTCMKTS:DNDNQ)

MGIC Investment Corp.(NYSE:MTG) gained 0.47% to $0.04 yesterday on heavy volume trading and closed the day at a new closing price of $8.62, following the release of its better-than-expected 4Q14 earnings. The company beat the analysts’ estimate of earnings per share of $0.14 by $0.05 to $0.19 on an adjusted basis and reported net income of $74.4 million. The company also beat the analysts’ estimates of $236.1 million revenue by $3.7 million and generated $239.8 million in revenue. MGIC Investment Corp has a target estimate of $10.72 and analysts’ mean recommendation of 2.30.

Is It Time To Buy MGIC Investment Corp Shares? Find Out More In Our Free MTG Report.

Ocwen Financial Corp(NYSE:OCN) saw a decline of $0.58 as it slipped 7.06% to close its last trading session at $7.64. However, the stock started to recover during afterhours trading and gained 0.79% to $0.06 to push the stock at $7.70. The company has a beta of 0.88 and an average true range of 1.49. Ocwen Financial Corp has an RSI value of 20.51, which indicates its oversold behavior. Analysts at Barclay reiterated their equal weight rating on the stock and cut their price target to $12 from $20 on the shares of Ocwen Financial Corp on January 13, 2015.

Will Ocwen Financial Corp Continue To Fall? Make A Savvy Investment Plan With Our Free OCN Analysis.

Dendreon Corporation(OTCMKTS:DNDNQ) saw a gain of 13.79% in value as the stock jumped $0.020 to close its trading session at a new closing price of $0.165. The $26.19 million market cap company, which traded within a range of $0.15 to $0.19 during intraday trading, currently sits at a profit margin (ttm) of -54.35%, operating margin (ttm) of -21.06% and return on assets (ttm) of -9.12%. Not only that, but the company also has an earnings per share (ttm) of $-1.06 and a beta of 2.141, which could tumble investors’ interest in the stock.

Is It Now A Right Time To Sell Dendreon Corporation Shares? Read Our Free DNDNQ Report Here.

About HotStockGains

HotStockGains.com provides investors and traders with trading strategies via text message and email. To obtain text message stock alerts service text the word BREAKOUT to 555888 from your cell phone.

Additionally, HotStockGains free newsletter provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.

Disclosure:  HotStockGains is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://hotstockgains.com/disclaimer/ for complete risks and disclosures.


Write Your Comment