Stocks on the Move
Stocks on the move should be carefully watched. These stocks can represent opportunity for large increases or for big losses. Either way, as a stock trader you will benefit if you understand which stocks are moving and where they are headed.
Two stocks on the move in the wrong direction are MBIA Inc., symbol MBI: US, and People’s United Financial Inc., symbol PBCT: US. NBIA Inc. fell 8 percent for $0.85 a share to end up at $9.60 a share. This was the result of a bond insurance rating that dropped two levels by the company Moody’s Investors Service. This rating drop was due to disruptions in the entire mortgage industry as well as the potential for even more mortgage related losses. People’s United Financial Inc lost 0.89 percent and is down to $12.19 a share. This is due to a statement by Standard & Poor.
Another stock that is on the move is the famous auction house Sotheby’s, symbol BID: US. This famous auction house is the most publicly traded. It has shown gains since the third quarter after declaring dividend payments throughout multiple quarters. Due to these dividend payments, the stock has gone up more than 13 percent, up to $36.95 a share. Rowan Cos., symbol RDC: US, has also moved up in the last quarter. This drilling company specializing in natural gas and oil rigs reported strong quarter 1 profits and beat the street estimates. This stock is now trading at $33.38.
USG Corp, symbol USG: US, is another stock on the move and should be watched, but this stock is headed down currently, although not by a large amount. This company is the largest gypsum wallboard maker. The stock plunged a small percentage, 3.6 percent to be specific.
Stocks on the move can be good or bad, depending on which way the stock is moving. All stock traders hope to see their stocks on the move in an upward direction as this generally means profits. Many fear seeing a move in the opposite direction because usually this means losses. Stocks that are moving should be watched carefully so you can get in on the ground floor or get out before it is too late.
The information supplied in this article is not to be considered as medical advice and is for educational purposes only.
 Stock Market Analysis 18 Nov 2008 |
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