Will These Companies Maintain Their Current Values? Yelp Inc(NYSE:YELP), First Colombia Gold Corp(OTCMKTS:FCGD), and Education Management Corp(NASDAQ:EDMC)
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Yelp Inc(NYSE:YELP) suffered a 0.9% decrease in value during Friday’s trading, falling $0.62 to finish the day at a closing price of $68.00. The stock traded within a range of $67.00 to $68.87 during the day. The California-based online local guides operator and its Board of Directors are currently dealing with a class action lawsuit for violations of several federal securities laws. The stock also lost an additional six cents during after-hours trading.
First Colombia Gold Corp(OTCMKTS:FCGD) enjoyed a 59.64% increase in value during Friday’s trading. The stock gained $0.1401 to move to a closing price of $0.3750. The Mexico-based gold and silver properties developer traded within a range of $0.2250 and $0.42 during the day. Friday’s high also represented a new 52 week high for the company that once traded for as little as $0.01. The stock had a trading volume of 2,919,948.
Education Management Corp(NASDAQ:EDMC) saw its value increase by 35.71% during Friday’s trading as the stock rose forty cents to close at $1.52. Despite the substantial increase in value, the stock remains considerably below its previous 52 week high of $16.94. The Pittsburgh-based company, which operates The Art Institutes, Argosy University, Brown Mackie Colleges, and South University, suffered a large decrease in value on Tuesday. The decrease came in response to the news that the U.S. Department of Education would be increasing its efforts to regulate for-profit colleges.
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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