Investing
Top 4 Movers in Friday's Session
September 4, 2015 12:25 pm
Last Updated: September 4, 2015 12:26 pm
The broad markets are down across the board in Friday’s trading session with the Dow down nearly 1.5%. Traders expected increased volatility in this session, being that this is the Friday before a holiday weekend. Not to mention some suspect that a Federal Reserve rate hike is on the horizon as well.Source: Photo by Spencer Platt/Getty Images
24/7 Wall St. has put together a few stocks that are on the move in the market and provided some color and background information on each, including the consensus price target and range.
KaloBios Pharmaceuticals Inc. (NASDAQ: KBIO) saw its shares soar in Friday’s session, extending its breakout from Thursday. The company is initiating an open-label Phase 1 study designed to evaluate the safety, pharmacokinetics and clinical activity of KB003 in previously treated chronic myelomonocytic leukaemia patients. Also its KB004 is currently in clinical development in the Phase 2 expansion portion of an open-label Phase 1/2 study in hematologic malignancies. Shares of KaloBios were up 51% to $4.58 on Friday. The stock has a consensus analyst price target of $5.00 and a 52-week trading range of $1.71 to $17.20.
Netflix Inc. (NASDAQ: NFLX) is continuing to crumble from its all-time high set earlier this summer. Some traders believe that Netflix is currently in a bear market. And with a high price-to-earnings (P/E) ratio at 451 against 2015 expected earnings, the stock will not fare well if it is in fact in a bear market. Netflix shares were down 1.8% to $99.20. The stock has a consensus price target of $118.70 and a 52-week range of $45.08 to $129.29.
ALSO READ: 5 Analyst Stocks With Massive Upside Calls This Week
Joy Global Inc. (NYSE: JOY) was absolutely decimated in Thursday’s session. Shares closed down 14.6% after catastrophic earnings. In Friday’s session, traders corrected the downturn and shares bounced. Shares of Joy were up 3.3% to $19.53. The consensus analyst price target is $34.56, and the 52-week range is $17.70 to $60.53.
BP PLC (NYSE: BP) has been the victim of the oil trade this week. Crude oil prices skyrocketed around 8% on Monday and nearly broke the $50 mark. However, since then prices have crumbled and then recovered back to the $46 level. This volatility has called into question the viability of major oil companies, and BP appears to be the hardest hit in Friday’s session. Shares of BP were down 4.7% at $30.89. The consensus price target is $41.21, and the 52-week range is $30.53 to $48.11.
Sponsored: Tips for Investing
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.