Which Stocks Soared in the First Week of May and Which Didn’t?
With advanced stock trading software, more people find the stock market a lot more accessible. But they must be prepared for the ups and downs. The first week of May favored some stocks, while dealing a heavy blow to others.
Regional Health Properties Inc ($RHE) soared a massive 40.00%, registering a Buy on TradingView.com. Zix Corporation ($ZIXI) rose 34.63% and was resultantly classified as a Strong Buy on TradingView.com. This comes on the back of the company’s strong first quarter results where it experienced a 76% revenue increase.
Wesco Aircraft Holdings Inc ($WAIR) also had a great week, rising 25.66% for a Strong Buy categorization. The company, specializing in distribution of aerospace parts, also reported earnings exceeding expectations. S&P 500 Newell Brands ($NWL) had a great week, rising 13.52% to a price of 16.63 and a Buy rating. Flowserve Corp ($FLS) rose 9.34% to rise to a value of 52.00. It was a Buy. Monster Beverage Corp ($MNST) was up 8.83% to end up at 63.11 and a Buy rating, as it exceeded first quarter sales and earnings estimates.
Diffusion Pharmaceuticals Inc ($DFFN) sank 22.20% to a price of 4.59, but was still rated a Buy on TradingView.com because of the 74% growth it attained prior to the capital raise. Harvard Bioscience ($HBIO) sank 21.87% to 2.93 and was categorized a Sell. Next in line was Renewable Energy Group Inc ($REGI) that dropped 20.60% to 17.88 for a Sell rating. In the S&P 500, Cognizant Technology Solutions Corp ($CTSH) dropped 11.05% to 59.25 and earned a Sell rating, as a result of missing Q1 expectations. The management has also lowered the outlook for the year. Arista Networks Inc ($ANET) was next, dropping 10.44%. Fortinet Inc sank 6.06% and dropped to 85.96.
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