What the Stock Market Had in Store in the 2nd Week of May
Zero commission trading has been one of the factors attracting people to trade stocks. But successful stock trading involves constant monitoring of the stock market. The second week of May had its share of winners and losers.
The top gainer this week was Westport Fuel Systems Inc ($WPRT), soaring 33.53% to touch $2.23. It garnered a Strong Buy rating on TradingView.com. Cool Holdings Inc ($AWSM) rose 29.44% for a Buy rating. Buckeye Partners LP ($BPL) rose 28.26% for a value of $41.75 and a Strong Buy rating. Cardlytics Inc ($CDLX) also soared 25.96% and garnered a Strong Buy on TradingView.com. In the S&P 500, Booking Holdings Inc ($BKNG) rose 5.40% for a price of $1829.85. Linde PLC ($LIN) was next, rising 4.75% to top at $181.59. News Corp ($NWSA) rose 4.11% and hit $11.90. The company was in the news for what many consider unethical news reporting involving Australian Labor leader Bill Shorten.
The Major Losers
Puma Biotechnology Inc ($PBYI) dramatically sank 38.64% to end up at $18.42 and garner a Strong Sell rating on TradingView.com. Qurate Retail Inc ($QRTEB) dropped 28.95% for a Strong Sell rating. Pro-Dex Inc ($PDEX) sank 27.73% to end at $12.85. Biopharmaceutical company Cortexyme Inc ($CRTX) had a great IPO, though as of the trading close on Friday, May 10 the stock had dropped 27.46% to end up at $23.86. TradingView gave it a Strong Buy rating. Over at the S&P 500, Symantec Corp ($SYMC) dropped 12.54% to come to rest at a price of $19.39. Wynn Resorts Ltd ($WYNN) sank $4.72% to $129.89. Regeneron Pharmaceuticals Inc ($RGN) dipped 3.49% to $312.86.
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