Yesterday’s Big Losers: GrubHub Inc(NYSE:GRUB), Heat Biologics Inc(NASDAQ:HTBX), and Vale SA (ADR)(NYSE:VALE)
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GrubHub Inc(NYSE:GRUB) lost $3.60 to finish the day at a closing price of $39.16, a 8.42% decrease in value from the previous closing price. The stock has closed within a range of $31.48 to $45.21 over the past three months. GrubHub Inc(NYSE:GRUB), an online restaurant pick-up and delivery orders company based in Chicago, suffered its substantial loss today after announcing the issuing of 10 million additional shares. The stock lost an additional $0.65 during after-hours trading.
Heat Biologics Inc(NASDAQ:HTBX) suffered an 8.38% decrease in value as the stock fell $0.56 to move to a new closing price of $6.12. Yesterday’s losses were also accentuated by an additional fifteen cent loss during after-hours trading that move the stock to a value of $5.97, a figure which is just $2.37 above its 52 week low of $3.60. Heat Biologics Inc(NASDAQ:HTBX) announced Aug. 25th that it had closed on a $7.5 million debt financing with Square 1 Bank.
Vale SA (ADR)(NYSE:VALE) fell eleven to finish the day at a new closing price of $13.63. The 0.8% decrease in value left the stock just $1.34 above its 52 week low of $12.29. The Brazil-based precious metals producer has a market capitalization of $70.95 billion and 3.19 billion tradeable shares. However, Vale SA (ADR)(NYSE:VALE) recorded a trading volume of only 12,725,152, which is significantly lower than its three month average of 16,386,500.
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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