Where Are The Positives? National Penn Bancshares (NPBC), iStar Financial Inc. (STAR) and BG Medicine, Inc. (BGMD)
New York, NY – GDP INSIDER – 04/29/2014.
This article discusses three companies: National Penn Bancshares (NASDAQ:NPBC), iStar Financial Inc. (NYSE:STAR) and BG Medicine, Inc. (NASDAQ:BGMD)
National Penn Bancshares (NASDAQ:NPBC) jumped slightly on Tuesday with the stock gaining 1.62% or two cents to close the day at a new closing price of $10.67 on high trading volume of 0.991 million, compared to its three month average trading volume of 0.870 million. The $1.47 billion market cap company, which traded within a range of $10.47 to $10.71 during the day, currently situated 18.95% above its one year low of $8.97 and 3.53% away from its one year high of $11.06. With forward P/E of 12.81 and consensus price target of $11, National Penn Bancshares still has room for growth.
iStar Financial Inc. (NYSE:STAR) reversed its recent downward trend yesterday with the stock gaining 1.44% as the stock jumped twenty cents to move to a closing price of $14.13 on higher than normal trading volume of 0.733 million, compared to its 30 day average trading volume of 0.634 million. The RSI of 64 indicates the stock is not overbought at the current levels, the MFI of 70 shows the money is flowing in the right direction. With a one year target price estimate of $17.50, iStar Financial Inc has plenty of upside, making it a hold rather than a sell at this time.
BG Medicine, Inc. (NASDAQ:BGMD) the pharmaceutical company engaged in research, manufacture and sales of heart related drugs saw its stock decline yesterday by 1.37% to close at $0.720 with only 0.152 million shares changing hands compared to its 30 day average trading volume of 0.302 million. Despite the loss, the stock is currently situated 166.67% above its 52 week low of $0.27 and only 52% away from its 52 week high of $1.50. Since the beginning of the year, the shares of BG Medicine, Inc have been vastly outperforming the S&P 500 with the stock gaining 56.52%, compared to the index which has gained only 2.71% for the same period, making it a potential investment to consider.
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