Every week the stock market favors some stocks but hurts others. Let’s look at the gainers and losers of this week.
The king of all gainers was SPI Energy Co Ltd ($SPI) that rose a massive 60.92% and has a Buy rating on TradingView.com. The renewable energy company has just successfully acquired 1.988 megawatts of Greece’s Solar PV Projects. Phunware Inc ($PHUN) had a 54.64% jump, but has a Sell rating. Sorrento Therapeutics Inc ($SRNE) experienced a 49.86% leap, making it a Buy. Hibbett Sports Inc ($HIBB) leaped 20.29% and is a Buy. In the S&P, Conagra Foods ($CAG) was one of the big gainers this week, soaring 12.8%, as reported by CNBC. Western Digital Corp ($WDC), Micron Technology ($MU) and Advanced Micro Devices ($AMD) followed with growth percentages of 9.8%, 9.6% and 8.5%respectively. $WDC has a Buy rating, while $MU is recommended as a Strong Buy. $AMD is a Buy too.
There have been some spectacular losers too, and they were from the pharma industry. They’ve been related to failed drugs. Conatus Pharmaceuticals Inc ($CNAT) plummeted by a massive 56% after it failed a NASH trial. This has blunted analysts’ enthusiasm for any breakthrough in 2019. Biogen Inc ($BIIB) has slipped by a massive 29.23%, making it a Strong Sell. This isn’t surprising, considering the pharmaceutical company’s Alzheimer’s drug failed testing causing the company to halt all research into the drug. Chiasma Inc ($CHMA) sunk by 18.87%, garnering a Sell rating. Liquidia Technologies Inc ($LQDA) dropped 18.55%, giving a Strong Sell rating. Canadian Solar Inc ($CSIQ) dropped 18.37% and is a Sell too.
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