Why Did Elizabeth Arden Lose Almost A Quarter Of Its Value Today? With EDAP TMS S.A. and Bitauto Holdings Limited
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Elizabeth Arden, Inc.(NASDAQ:RDEN) suffered a 23.25% decrease in value during yesterday’s trading. The stock lost $4.56 to finish the day at a closing price of $15.05. Elizabeth Arden reported a loss of $5.24 per share for the period that ended June 30th, 2014. The company blamed a declining demand for its celebrity lines, which feature Justin Bieber and Taylor Swift, for the loss. The stock also lost an additional seven cents during after-hours trading.
Edap Tms SA (ADR)(NASDAQ:EDAP) saw its value decline by 4.02% yesterday as the stock fell seven cents to finish the day at a closing price of $1.67. The stock remains just $0.29 above its 52 week low of $1.38. To contrast, the stock is currently situated $4.38 below its 52 week high of $6.05. Currently, the France-based medical equipment developer is under facing investigations from several law firms regarding potential violations of federal securities laws.
Bitauto Hldg Ltd (ADR)(NYSE:BITA) lost five cents during yesterday’s trading, but subsequently commenced to lose an additional sixty-four cents during after-hours trading. The stock is now situated at a value of $82.23. Despite the slight drop, the stock did notably trade for a new 52 week high of $84.99 during the day. Before the markets opened on Aug. 18th, the Beijing-based company announced that it will be entering a joint venture with the Yong Da Group, one of China’s largest auto dealership groups, and UXIN, a professional electronic auction service provider. Bitauto claims this venture will expand the inventory of its used car website, taoche.com.
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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