Why Are These Stocks Falling? Hemp Inc(OTCMKTS:HEMP), Thoratec Corporation(NASDAQ:THOR), and Document Security Systems, Inc.(NYSEMKT:DSS)
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Hemp Inc(OTCMKTS:HEMP) lost 8.51% of its value during yesterday’s trading, falling $0.0040 to finish at a closing price of $0.0430. However, yesterday’s decrease in value could hardly be considered a surprised given the recent report that the Las Vegas-based marijuana services company had been used in a pump-and-dump scheme. As a result, Hemp’s previous values, which included a 52 week high of $0.34, could very well have only been the results of market inflation by a handful of individuals. The stock had a trading volume of 31,958,508 for the day.
Thoratec Corporation(NASDAQ:THOR) suffered a substantial decrease in value during yesterday’s trading, falling $9.83 to finish at a closing price of $22.74. The 30.18% loss came on a day when the California-based proprietary medical devices manufacturer reached a new 52 week low of $22.50. After trading finished yesterday, Thoratec revealed its second quarter results. Investors did not react well to Thoratec’s announcement, within which the company revealed earnings per share of only $0.43. The stock regained $0.19 in after-hours trading.
Document Security Systems, Inc.(NYSEMKT:DSS) fell five cents during yesterday’s trading, a 3.68% decrease in value that left the stock at a closing price of $1.31. On Tuesday, the company, which had a trading volume of 121,211, announced that it would be revealing its second quarter financial results after the markets close on Aug. 12th, 2014. DSS CEO Jeff Ronaldi was featured on Bloomberg TV yesterday, where he discussed the Rochester-based company’s AuthentiGuard application.
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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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