| The Street Sweeper Moved The Market On La Jolla, But How's Its Overall Success Rate? | |
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Between 10:05 a.m. EST and 10:10 a.m. EST on Monday, shares of La Jolla Pharmaceutical Company (NASDAQ: LJPC) dipped suddenly by over a percent. The Street Sweeper published a bearish report on the company at 10:07. The Street Sweeper is one of several independent online research providers, joined by sites like Citron Research and Muddy Waters. Many investors have noticed these groups' unlikely ability to move markets, and, in some cases, predict massive arbitrage opportunities. Earlier in July, Kornit Digital Ltd (NASDAQ: KRNT) fell by 4.5 percent directly after a warning by the Street Sweeper. In mid-June, Uranium Energy Corp. (NYSE: UEC) took a 26 percent hit following a similar negative outlook by Senior Editor Sonya Colberg. Since then, it has shed almost half of its value. But these cases are far from consistent. On June 10, Colberg advised readers to short Northwest Biotherapeutics (NASDAQ: NWBO). The stock closed in the green that day, and sporadic activity since has led it to an all-time high. Her bearish outlook on eMagin Corporation (NYSE: EMAN) on June 11 was followed by modest gains, and the stock is currently sitting at the same level it was at the time of the report. Furthermore, even when The Street Sweeper's advice has a short-term effect on a company's share prices, it is seldom indicative of long-term devaluations. After falling briefly Monday, La Jolla rebounded back up to 3 percent gains for the day within two hours. Kornit shares spiked up by more than 10 percent just a few days after its bashing by The Street Sweeper. So while investors would likely do well to note The Street Sweeper's analysis as potential short-term market movers, they should probably take the firm's long-term theses with a grain of salt. See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Uranium Energy Corp.
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PRODUCTEUR |
CODE : UEC |
ISIN : US9168961038 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Uranium Energy est une société développant des projet miniers d'uranium basée au Canada. Uranium Energy détient divers projets d'exploration en Uruguay. Ses principaux projets en production sont AMBROSIA LAKE, PALANGANA et GOLIAD en USA, son principal projet en développement est NICHOLS en USA et ses principaux projets en exploration sont COYOTE RANCH en USA et CORONEL OVIEDO, CEBOLLETA, GRANTS RIDGE, RAVEN, WEST RANCH, SAN MATEO MESA, LAGUNA TREND, RED BASIN, GRANITE MOUNTAIN THRUST, BURNT WAGON, LO-HERMA, EAST POISON SPIDER, 55 RANCH & DL, BULL CANYON, PARADOX, LONG PARK, SQUAW POINT, RADIUM MOUNTAIN, BIG GYPSUM, SAN MIGUEL, CARNOTITE, CRAIN, LAKE CANYON, LOS CUATROS, ARTILLERY PEAK, DRY MOUNTAIN, CARRIZO, LA PALANGANA / HOBSON, NEW RIVER et SALVO en Uruguay. Uranium Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,0 milliards US$ (980,3 millions €). La valeur de son action a atteint son plus bas niveau récent le 12 décembre 2008 à 0,16 US$, et son plus haut niveau récent le 03 décembre 2010 à 7,48 US$. Uranium Energy possède 157 544 080 actions en circulation. |