(MENAFN- Baystreet) WOW Flat on Q1 Results
Urban Edge Hikes on Q1 Figures
MoneyLion Gallops on Q1 Numbers
TransDigm Falls on Q2 Figures
Walt Disney Reports Mixed Financial Results Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau - Tuesday, May 7, 2024
Watch the Highest Volume Stocks: PFE, GME, SMCI, WBA, and AAL
High stock trading volume often signals that the company is attracting above-average attention from investors. In general, stocks that rise on strong volume is a bullish signal. This has more meaning if the uptrend continues.
On May 1, 2024, Pfizer posted a 19.5% Y/Y drop in revenue yet shares rose. Shareholders are content that the firm will achieve at least $4 billion in net cost savings by the end of 2024. It reaffirmed its revenue guidance of $58.5 billion to $61.5 billion. PFE stock closed at $28.16.
Meme sensation stock Gamestop (GME) fell to as low as sub-$14 on Monday before closing at $16.31. Although short-sellers have too big a position, the game seller suffers from a broken business.
Super Micro Computer (SMCI) regained some lost ground. Shares fell as low as around $700 after the firm posted strong results. It closed at $830.35 and is on pace to trade toward $900 next.
Last week, a competitor to Walgreens (WBA), CVS Health (CVS), posted disastrous results. On Monday, WBA stock lost 3.09% on no news. Shares do not trade ex-dividend until May 20. The stock pays a $0.25 a share quarterly dividend, which yields 5.61%.
Airline stocks are the preferred trade. American Airlines (AAL) should bounce above the $14 support line. Spirit Airlines (SAVE) reported $1.46 a share in losses on Monday.
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