Why Are These Stocks Falling? ZBB Energy Corporation(NYSEMKT:ZBB), Bio-Path Holdings Inc(NASDAQ:BPTH), and Cumulus Media Inc(NASDAQ:CMLS)

Posted by admin August 12, 2014 0 Comment 1278 views

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ZBB Energy Corporation(NYSEMKT:ZBB) lost eight cents during today’s trading to finish the day at a closing price of $1.32. The 5.71% decrease in value moves the stock $0.70 away from its three month closing price high of $2.02 recorded on Jun. 5Th, 2014. On Monday, the Wisconsin-based energy storage solutions company announced that it would be presenting at the Midwest IDEAS Conference. The stock has lost an additional two cents in after-hours trading.

How Far Will ZBB Energy Fall? Receive A Free ZBB Analysis.

Bio-Path Holdings Inc(NASDAQ:BPTH) also fell eight cents during today’s trading, a 3.67% decrease in value that moved the stock to a closing price of $2.10. The Houston-based biotechnology company, which employs just two individuals on a full-time basis, traded within a range of $1.90 to $2.17 during the day. The stock had a trading volume of 548,661, a figure which is 88,842 above its three month average trading volume of 459,819. The stock has maintained its value in after-hours trading.

Will Bio-Path Holdings Remain Above The $2 Mark? Take A Look At Our Free BPTH Analysis.

Cumulus Media Inc(NASDAQ:CMLS) saw its value decline more substantially than the previous two stocks, as the stock lost 5.80% of its value to close at $4.22. The twenty-six cent loss places the stock at a value just seven cents above its 52 week low of $4.15. On Thursday, the Georgia-based commercial radio station clusters operator announced that it would no longer be distributing ABC News Radio by the end of the 2014 calendar year.

Can Cumulus Media Reverse Its Current Trajectory? Our Free CMLS Analysis Is Available Here.

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