Oct
27
U.S. Stocks finished mostly lower Monday after new home sales declined much more than anticipated during September while a revenue warning by an Apple iPhone and iPad supplier spooked investors one day before the tech giant reports its Q4 results, cutting into an earlier advance for the Nasdaq Composite index. Both the Dow Jones Industrial Average and the SP 500 traded largely underwater throughout the session.
Wall Street also was somewhat cautious today following four consecutive weeks of gains that erased almost all of the markets’ August losses, waiting to see what the next batch of quarterly earnings results indicates about corporate growth. The start of the next Federal Open Markets Committee meeting tomorrow also kept many investors sitting on their hands, unwilling to take out big positions before receiving more information on when the Federal Reserve could move forward on raising U.S. interest rates.
Shares retreated to their session lows a half hour into the session after the Commerce Department reported an 11.5% decline in new home sales during September to a seasonally-adjusted annual rate of 468,000, missing Wall Street expectations for a 0.5% decline and a 549,000 annualized pace. August sales also were revised lower.
Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) stock edged higher by 12.63% to close Monday’s session at USD 23.99. The company’s shares hovered between USD 23.38 and USD 27.49 (marking a new 52-week high) during the session. The stock traded with the volume of 1.85 million shares, which was above its 3 month average volume of 416.21K shares and below its 1 month average volume of 365,050.00shares. Over the last 5 days, Grupo Financiero Galicia S.A.‘s shares have rose by 13.91% and in the past one month it has moved up 33.35%. Furthermore, over the last three months, the stock has gained 29.12% and in the past six months, the shares have surged 3.36%. The stock is trading at a price to book ratio of 2.44 for the most recent quarter. Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) operates as a financial services holding company in Argentina. The company operates through Banking, Regional Credit Cards, CFA Personal Loans, and Insurance segments. It offers financial products and services to large corporations, small and medium-sized companies, and individuals, including wholesale banking services; financial support and cash management services; foreign trade; corporate debt and securitization transactions; and e-solutions to various agencies, municipalities, and universities.
Can GGAL Extend this Gain Stream? Find Out in This Trend Analysis Report
Amedica Corporation (NASDAQ:AMDA) gained 11.29% to close Monday’s session at USD 0.282. The shares of the company fluctuated in the range of USD 0.25 and USD 0.29 during the session. A trading volume of 2.15 million shares was recorded, which was less than its 1 month daily average volume of 1.65 million shares and above its 3 month average volume of 1.82 million shares. Over the three months, Amedica Corporation‘s shares have declined by -61.97% and in the past one year, it has lost -89.19%. Additionally, the stock’s year to date performance has declined -64.82%. Further, the stock is at a price to book ratio of 2.01. The company has 78.94 million shares outstanding with 0.10% insider ownership. Amedica Corporation (NASDAQ:AMDA) a company that develops and commercializes silicon nitride ceramics as a biomaterial platform, is happy to declare that it has reached a joint development agreement with Worthington dental technology to provide access to the Company’s silicon nitride technology platform to develop, prototype and manufacture the patented Worthington dental implant system.
Following the terms of the agreement, Amedica will assist Worthington in the development and commercialization of the Worthington dental implant system and devices. Additionally, Amedica has engaged Worthington as a dental expert to support Amedica in its efforts to expand the use of silicon nitride to additional original equipment manufacturer dental partners.
Amedica’s micro-composite silicon nitride biomaterial is a breakthrough ceramic containing potential anti-bacterial and favorable bone growth properties. Its surface texture and hydrophilic nature attract both osteoblasts and physiologic proteins to ensure reliable osteointegration, while its surface biochemistry inhibits bacterial biofilm adhesion. This combination of optimal material properties is unique to Amedica’s silicon nitride material platform.
How Should Investors React to AMDA Now? Find Out in this Trend Analysis Report
Basic Energy Services, Inc (NYSE:BAS)‘s stock increased by 8.95% to close Monday’s session at USD 4.14. The Company’s shares oscillated in the range of USD 3.55 and USD 4.15. A total of 4.06 million shares exchanged hands, which followed its 1 month daily average volume of 3.56 million shares and was above its 3 month average volume of 3.94 million shares. Over the last five days Basic Energy Services, Inc‘s shares have surged by 4.02% and in the past six months it has moved down -52.41%. Furthermore, the stock is trading 14.82% below its 52 week high and 2.96% above its 52 week low. The stock has weekly volatility of 12.93% and monthly volatility of 13.04% with ATR of 0.48 and beta of 2.66. Basic Energy Services, Inc (NYSE:BAS) stated selected operating data for the month of September 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 46,800 producing a rig utilization rate of 46%, contrast to 53% and 71% in August 2015 and September 2014, respectively.
During the month, Basic’s fluid service truck count remained flat at 1,015. Fluid service truck hours for the month were 183,400, contrast to 188,100 and 215,800 in August 2015 and September 2014, respectively.
Drilling rig days for the month were 97 producing a rig utilization of 27%, contrast to 23% and 91% in August 2015 and September 2014, respectively.
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