Why Are These Stocks Suffering Significant Losses? Vapor Corp.(NASDAQ:VPCO), Banro Corporation (USA)(NYSEMKT:BAA), and CannaVEST Corp(OTCMKTS:CANV)

Posted by Saimoon August 20, 2014 0 Comment 672 views


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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.

Will Vapor Corp. Turn Its Fortunes Around? Click Here For A Free VPCO Analysis.

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.

What Does The Future Hold For Banro? View Our Free BAA Analysis.

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.

How Far Will CannaVEST Rise? Receive A Free CANV Analysis.

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