The Ebb and Flow of the Stock Market in the Last Week of June
With direct market access trading offered by online broker dealers, trading stocks is within reach of the public. The last week of June had its share of ups and downs for stocks. Let’s dive in to check out the top winners and losers.
Cemtrex Inc ($CETX) had a massive 107.65% growth to $3.80 and was categorized a Buy on TradingView.com. This has been a great week for the tech company as it revealed its completion of an augmented reality (AR) application commissioned by Saudi Arabia’s King Abdulaziz Center for National Dialogue (KACND). Thanks to the application, visitors to the Center can have an interactive experience. Cemtrex also revealed that its Electronic Manufacturing Services division (EMS) has received new orders worth around $6M in the past few months and its backlog is at $50M.
Howard Hughes Corp ($HHC) soared 41.75% to $131.25 and received a Strong Buy rating on TradingView. CNBC reported this week that the company is open to finding out strategic alternatives. A sale is also possible. Dova Pharmaceuticals Inc ($DOVA) had a 27.10% rise to $13.46 and acquired a Buy rating. J Jill Inc ($JILL) had a 27.06% growth to $2.16 but was classified a Sell by TradingView.
In the S&P 500, CenturyLink Inc ($CTL) had a 6.69% growth to $11.64. L Brands Inc ($LB) rose 6.13% to $26.32. TripAdvisor Inc ($TRIP) soared 5.74% to $46.68.
XpresSpa Group Inc ($XSPA) sank 56.48% to $2.05 and understandably earned a Sell rating on TradingView. Shareholders are resultantly apprehensive. Aclaris Therapeutics Inc ($ACRS) earned a Strong Sell rating after sinking 52.13% to $2.13. Marathon Patent Group Inc ($MARA) earned a Buy rating despite sinking 21.45% to $2.71. Riot Blockchain Inc ($RIOT) dipped 19% to $3.07 and a Sell rating.
In the S&P 500, the major losers were Conagra Brands Inc ($CAG), sinking 12.10% to $25.43, and Boeing Co ($BA) dropped 2.91% to $364.02. The airline giant has been struggling to rectify the safety issue experienced by its Boeing 737 Max. ConocoPhillips ($COP) sank 2.36% to $61.27.
For successful stock trading, you need to be in constant touch with the markets and be prepared for its ebbs and flows.
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