Stock Market Chumps..........9-11-06
Nutrition 21 Inc. (NXXI)
Last Trade: | 2.01 |
Trade Time: | 12:02PM ET |
Change: | 0.27 (11.84%) |
Nutrition 21 Inc. shares fell 14.5% to $1.95 in Monday morning trade after the Purchase, N.Y.-based nutritional supplement maker reported a fiscal fourth-quarter net loss of $3.7 million, or 9 cents a share, compared with a net loss of $3.7 million or 10 cents a share, in the year-ago period. Revenue for the period ended June 30 rose to $2.5 million from $1.9 million. "We expect strong improvement in our revenues in fiscal 2007 once our products now on the shelf receive full advertising support," said President and Chief Executive Paul Intlekofer in a statement. "We also expect a significant contribution from our acquisition of Iceland Health."
Redback Networks Inc. (RBAK)
Last Trade: | 12.92 |
Trade Time: | 12:06PM ET |
Change: | 1.35 (9.46%) |
Analysts at Miller Johnson Steichen Kinnard downgrade Redback Networks Inc from "outperform" to "market perform." The target price is set to $19.
Silver Wheaton Corp. (SLW)
Last Trade: | 9.92 |
Trade Time: | 12:03PM ET |
Change: | 1.04 (9.49%) |
UBS on Friday lowered its rating on
In a research note, UBS said Silver Standard's share price
silver mining company Silver Standard Resources Inc.
to "neutral" from "buy" on share price appreciation.
was up more than 50 percent since its June low.
However, the brokerage raised its price target on Silver
Standard to $29.50 from $28.00, saying the company could
benefit from positive news flow and exploration results
expected in the coming months.
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