On Friday, March 20, some of the best-performing stocks were the four initial purchase offerings (IPOs) which dared to make their stock market debut on quadruple witching Friday. On quadruple-witching day, contracts expire for stock index options, stock index futures, individual stock futures, and individual stock options. Quadruple witching usually increases stock market volatility. Despite Fridays increased volatility, the IPOs had a great session. Leading the pack of IPO stocks on Friday was Versartis (NASDAQ:VSAR) which ended the session at $31.37 for a gain of 49.38 percent. Versartis is a California-based biotech company which specializes in treatments for endocrine disorders. VSAR opened at $28 per share from an IPO price of $21.00 per share. Coming in at second place on quadruple-IPOing Friday was Amber Road (NYSEARCA:AMBR), a global trade management company, formerly known as Management Dynamics. AMBR shares skyrocketed 30.77 percent to $17.00 from an IPO price of $13.00 per share. At Fridays opening bell, AMBR was trading at $17.50. The stock reached a high of $17,90. Fridays third-place IPO stock was Borderfree (NASDAQ:BRDR), a company which operates a cross-border, e-commerce platform which allows retailers to transact with customers in approximately 100 countries. Borderfree shares soared 25.00 percent to close at $20.00 per share, after opening Fridays session at $21.00 from an IPO price of $16.00. read this
Results from that study are expected to be presented this year. Biogen shares slipped 5%. Borderfree Inc. (Nasdaq: BRDR ) shares surged nearly 30% intraday to $21.25 in its first day trading as a public company. The NYC-headquartered cross-border solutions company priced 5 million shares at $16, the high end of the $14 to $16 expected range.
3 Hot Stocks to Trade (or Not)
The company purchases and roasts the coffees it sells along with handcrafted tea and other beverages, as well as a variety of fresh food items through its stores. Starbucks sells a variety of coffee and tea products and licenses its trademarks through other channels like stores and national food service accounts. In addition to its flagship Starbucks brand, the companys portfolio features Tazo Tea, Seattles Best Coffee, Starbucks VIA Ready Brew, Starbucks Refreshers beverages, and the Verismo System by Starbucks. Starbucks has developed a solid reputation over the past several years, which has generated a lot of buzz for its products. Save Time Make Money!
This Hot Financial Stock Still Has 70% Upside
Part of the reason the stock was able to post such amazing growth without trashing valuations was it fell so far during the housing crisis, dropping from a high of $36 a share in mid-2007 to just over $1 in late 2008. In Genworth's case, the sell-off was particularly severe because of the decimation of its U.S. mortgage insurance operations, which went on to post $1.4 billion in losses from the start of the crisis to mid-2011. In the worst year of the crisis for Genworth, 2008, the firm lost $1.32 per share overall after earning an average of $2.61 a share for the prior four years. However, it has since comeback solidly, returning to profitability in 2010 with earnings per share (EPS) of $0.29.
Is Starbucks a Hot Stock?
While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis. Today, we'll leverage the power of the crowd to take a look at some of the most active stocks on the market today. >>5 Stocks Ready for Breakouts These "most active" names are the most heavily-traded names on the market -- and often, uber-active names have some sort of a technical or fundamental catalyst driving investors' attention on shares. That's especially true now that earnings season is officially underway. And when there's a big catalyst, there's often a trading opportunity.
Why Shares of DryShips, Inc. Stock Are in Hot Water Today
Its Purchasing Managers' Index is at contraction levels, as opposed to expansion. The index went from 50.2 in February or very slight expansion to 48.1 for March. Anything under 50 is considered contraction. Output and new orders were described as down sharply. The weak data follows other worrisome economic data such asretail sales, production, trade and investment for January and February.