What Does After-Hours Trading Mean For These NASDAQ Stocks? Galena Biopharma Inc(NASDAQ:GALE), Rentech, Inc.(NASDAQ:RTK), and NII Holdings Inc(NASDAQ:NIHD)
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Galena Biopharma Inc(NASDAQ:GALE) lost four cents during yesterday’s trading, a 1.29% decrease in value that moved the stock to a closing price of $3.06. However, the most noteworthy decline for Galena came during after-hours trading, as the stock lost $0.41 to move to a value of $3.06. The 13.40% decrease in value came in response to the company’s after-hours second quarter financial results report, wherein Oregon-based oncology treatments developer reported a per share loss of seventeen cents.
Rentech, Inc.(NASDAQ:RTK) fell two cents during yesterday’s trading, finishing the day at a closing price value of $2.23. The stock has traded within a range of $1.55 to $2.70 over the past 52 weeks. Earlier yesterday, General Electric Capital announced that it had provided a debt financing of $50 million to the Los Angeles-based nitrogen fertilizer products manufacturer. The financing is meant to provide Rentech with the necessary financial backing for future growth. The stock has maintained its value during after-hours trading.
NII Holdings Inc(NASDAQ:NIHD) fell one cent to close at $0.65. However, the the company notably lost $0.38, or 58.78% of its closing price value, to move to $0.27 during after-hours trading, reaching a new 52 week low of $0.26 at 6PM EST. The Virginia-based wireless communication services provider also announced its second quarter financial results, which included a net loss of 77,000 subscribers and a net loss from continuing operations of $3.65 per basic share.
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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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