Whom Did the Markets Favor in the 2nd Week of July
With advanced direct access trading platforms, trading stocks online has become a lot more attractive for the common person. One of the most important requirements for successful trading is to keep watch on the markets each day. So let’s look at the market gainers and losers in the 2nd week of July, from the 8th to the 12th.
There were big gainers this week in the stock market, none more so than Tower International Inc ($TOWR) that soared 69.62% to $30.99 and was categorized a Strong Buy by TradingView.com. This is quite unlike what the stock has been going through since it touched its high in the region of $37 last summer. But the news of Autokiniton Global Group, a private equity automobile parts company, deciding to acquire Tower for a price of $31 per share did wonders for Tower’s stock.
OHR Pharmaceutical Inc ($OHRP) also had a good week, experiencing a 30.19% growth to $5.39 to be categorized a Buy. This happened a few days after it announced the approval of its planned merger with NeuBase Therapeutics, Inc. Once the transaction is closed, the merged company’s name would be called NeuBase Therapeutics, Inc and trade in Nasdaq under the $NBSE symbol.
MMTec Inc ($MTC) had a 25.68% rise to $11.01 and a Buy rating. Milacron Holdings Corp ($MCRN) is a Buy after it soared 23.80% to $16.75. In the S&P 500, JB Hunt Transport Services Inc ($JBHT) rose 5.90% to $92.94. TradingView characterized it a Buy. Corteva Inc ($CTVA) had a 4.43% rise to $27.60. L Brands Inc ($LB) grew 4.04% to $26.50. Dow Inc ($DOW) also rose 4.04% and touched $49.71.
Moving to the losers, Cel-Sci Corp ($CVM) had a 20.63% drop to $6.00. TradingView gave it a Sell rating. Canntrust Holdings Inc ($CTST) sank 17.04% to $2.58 and a Sell rating, while Illumina Inc ($ILMN) dropped 16.12% to $305.05. It was given a Sell rating. Hillenbrand Inc was categorized a Strong Sell after it dropped 12.86% to $33.87.
Apart from Illumina in the S&P 500, Johnson & Johnson ($JNJ) sank 4.15% to $134.30. Lamb Weston Holdings Inc ($LW) had a 2.44% drop to $65.93. Boston Scientific Corp ($BSX) dropped 2.20% to $42.25.
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