Why Are These Stocks Suffering Significant Losses? Vapor Corp.(NASDAQ:VPCO), Banro Corporation (USA)(NYSEMKT:BAA), and CannaVEST Corp(OTCMKTS:CANV)
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Vapor Corp.(NASDAQ:VPCO) saw its value decrease by 8.77% during yesterday’s trading as the stock fell twenty-five cents to finish the day at a closing price of $2.60. The stock, which notably traded for a new 52 week low of $2.55 during the day, has a market capitalization of $47.04 million and 16.51 million shares. The Florida-based electronic cigarettes company announced its second quarter financial results on Aug. 14th. The figures included an operating loss of $1.7 million.
Banro Corporation (USA)(NYSEMKT:BAA) enjoyed a $0.042 gain during yesterday’s trading to move to a closing price of $0.230. However, the stock subsequently fell $0.049 during after-hours trading, a 21.3% decrease in value that moved the stock to a value of $0.181. The mark is just $0.001 above its three month closing price low. On Aug. 18th, Banro announced that, along with developing a new financing plan, the company had brought Kevin Jennings into the company as its new Senior Vice President and Chief Financial Officer.
CannaVEST Corp(OTCMKTS:CANV) lost twenty-three cents during yesterday’s trading, a 6.78% decrease in value that moved the stock to a closing price of $3.16. However, the stock regained twenty cents during after-hours trading. The California-based development stage company announced its second quarter financial results on Aug. 14th. CannaVEST’s reported figures included a net income of $8.04 million, or $0.24 per share, as opposed to a net loss of $348,134, or $0.04 per share, during the same period in the previous fiscal year.
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.
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