The second week of April was a battlefield in stock trading that saw some sail through while others suffered some bruising. Let’s look at these in detail and find out what their implications are.
Online luxury products platform Reebonz Holding Ltd($RBZ) gained 32.99% to rise to 11.49 and earn a Buy rating on TradingView.com. Petroleum and energy companies took up the next two spots. Anadarko petroleum Corp ($APC) soared 32.01% to touch 61.78, earning a Strong Buy rating on TradingView. Chevron Corp had just announced its deal to purchase Anadarko for $33 billion.SPI Energy Co Ltd ($SPI) rose 22.01% that only raised its value to 4.49. In the S&P 500, after Anadarko, Walt Disney Co ($DIS) and Pioneer Natural Resources ($PXD) both gained 11.5% to rise to 130.06 and 168.32 respectively.
Among the major losers, Era Group Inc ($ERA) lost 19.62% and earned a Strong Sell rating on TradingView.com. ATA Inc ($ATAI) lost 18.03% but was given a Buy rating on TradingView. X4 Pharmaceuticals Inc ($XFOR) sank 16.75%to end at 12.57 and earn a Sell rating. In the S&P 500, Anthem Inc ($ANTM) lost 8.5% to close at 252.85. National Oil Well Varco Inc ($NOV) lost 8.4% to end at 26.87.
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