Why Are These Stocks Falling? Tekmira Pharmaceuticals Corporation(NASDAQ:TKMR) and ReneSola Ltd. (ADR)(NYSE:SOL)
New York, NY – 08/13/2014 – HotStockGains provides investors and traders with valuable trading strategies via text message and email. To join our free text message alerts service just text the word BREAKOUT to 555888 from your cell phone. Just text STOP to unsubscribe if you ever need to.
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.
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.
I have a confession to make – I am not always right. Sometimes, unfortunately, I will send alerts that experience losses.
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.
Sign up for my free newsletter to receive market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks. If you are not satisfied, simply click unsubscribe.
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.