Thursday 24 Apr 2014

Central European Distribution Corp (NASDAQ:CEDC) down by 14.69%, First Niagara Financial Group Inc. (NASDAQ:FNFG), Wipro Limited (ADR) (NYSE:WIT)

New York, NY – (NISMAGAZINE) – 04/09/2013- Central European Distribution Corp (NASDAQ:CEDC) is down by whopping 14.69% and is trading close to $0.162, CEDC is seeking an approval from the court for its prepackaged restructuring plan in order to settle its debts. The stock has made a new 52-week low in its current trading session of $0.15 and continues to make new lows. The stock has broken its support and the chart is technically weak. The volatility in the stock for the last week was about 20.09% and 24.04% for the last month.

Is CEDC a solid investment at these levels? Find out here.

First Niagara Financial Group Inc. (NASDAQ:FNFG) is trading at $8.90 up by marginally 0.28%. The Street has upgraded the rating on FNFG to “Buy” from “Hold” on April 8. Macquarie upgraded the stock to “Outperform” from “Neutral” and KBW upgraded the stock to “Outperform” targeting a price of $10.50. About 6000 shares were bought by the executives of the company in yesterday’s trading session. The current insider ownership in the stock stands at 0.71%, while the institutional ownership is 74.60%. The stock is 3.51% below its 52-week high of $9.60 and is trading safely above the 50 days moving average of $8.30. The ROA and ROE of the company is 0.48% and 3.10% respectively.

How Should Investors Trade FNFG Now? Find out here.

Wipro Limited (ADR) (NYSE:WIT) is trading at $8.75 up by 0.42%. The 52-week range of the stock is $7.56 and $10.81, 18.16% below its 52-week low. The short ratio created in the stock is about 8.12. With about 2.45 billion outstanding shares the market capitalization of the stock is 21.42 billion. With and EPS of $0.48 the P/E is 18.37. The stock has given a negative return of 9.37% in the past one year; and the volatility of the stock was 2.30% in the past month. The institutional ownership in the stock is nominal of 1.80%. The chart of stock is technically strong with a net upward trend, and is trading safely above its 50 days moving average of $9.66. In spite of the net upward trend the RSI of the stock is 30.08 indicating further scope of gain. The stock has a dividend yield of 1.24% and has an EPS of $0.48 with a P/E of 18.37.

How Should Investors Trade WIT Now? Find out here.

About HiddenGemStocks.com

Subscribe for FREE to receive our “50 Stock Trading Rules No Hedge Fund Wants You To Know!” E-Book: http://hiddengemstocks.com/trade.html

HiddenGemStocks.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.

Disclosure:

HiddenGemStocks.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HiddenGemStocks.com website, for complete risks and disclosures.

Contact:

Gale Wills

info@hiddengemstocks.com

Leave a Comment