Why Are These Stocks Falling? Tekmira Pharmaceuticals Corporation(NASDAQ:TKMR) and ReneSola Ltd. (ADR)(NYSE:SOL)

Posted by Saimoon August 13, 2014 0 Comment 1377 views


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Tekmira Pharmaceuticals Corporation(NASDAQ:TKMR) saw its value decline by 21.81% during yesterday’s trading as the stock fell $5.19 to close at $18.61. The stock has closed within a range of $8.98 to $23.80 during the past three months, reaching the latter figure during trading on Aug. 11th. The stock lost an additional $0.71 during after-hours trading, a 3.82% decline in value that continues to undo the positive gains of the stock’s recent spike.

Tekmira’s recent boost can be attributed to worldwide fear surrounding the deadly outbreak of Ebola in Africa. A United States citizen recently passed away after coming down with the disease. As a result, the FDA lifted its clinical hold on Tekmira’s phase 1 Ebola candidate. The market simply responded to the world’s desire for a cure to this deadily disease.

Where Will Tekmira’s Value Land After Its Recently Decline Has Ceased? View Our Free TKMR Analysis.

ReneSola Ltd. (ADR)(NYSE:SOL) suffered a substantially decrease in value during yesterday’s trading as the stock lost twenty-four cents to close at $2.60. The 8.45% decrease in value moves the stock even closer to its 52 week low of $2.18. The stock did regain seven cents during after-hours trading to move to a value of $2.67.

ReneSola’s value has fluctuated over the past three months. On May 20th, the stock closed at a low mark of $2.30, but it reached a high of $2.80 just two days later. On Jun. 4Th, the stock had declined back to a value of $2.22. Then, it show all the way to a high of $3.14 on Jun. 20th. However, ReneSola once again saw its value decline, falling to a mark of $2.48. This partern has persisted, resulting in the stock’s recent move to a value of $2.84 on Aug. 11th.

Should You Sell Your ReneSola Shares? Receive A Free SOL Analysis.

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