Polypore International Inc. (NYSE: PPO) is not finding any love by traders and investors after its day in the ringer. Shares looked like they were trying to bounce after a 30% loss on Tuesday. Shares closed at $38.08 on Tuesday and the 52-week range is $36.60 to $74.21. This stock was at $54.34 on Monday before the news that LG Chemical is planning its own separator plant, a move in which a customer will now effectively become a competitor. At this point it does not really matter that the company issued a statement saying that it is confident in the premises used to justify lithium battery separator capacity expansions associated with demand for electric drive vehicles. Now comes word this morning that Wunderlich Securities has issued a new rating, down at SELL on the stock. This one was trying to bounce earlier this morning but that sell rating seems to have muted some day trader hopes for a trading bounce.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
