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NASDAQ (New York) Market Overview
Year: 2012 Week: 12
Even though the beginning of the week promised much since Jones
Industrial Average Index
(DJI), NASDAQ Composite (IXIC) and S&P 500 (INX) showed a
modest growth rate, after the
market opened on Tuesday all three indexes went downwards
sharply and remained growing
gradually till the end of Wednesday. Afterwards, Thursdays drop
of 0.5 % performed by all 3
indexes influenced their development negatively, although they
retrieved positions on Friday. S&P
500 index (INX) finished the week with 0.50% negative growth,
Dow Jones Industrial Average
(DJI) index decreased by 1.14% and only NASDAQ Composite index
(IXIC) increased by
0.41%.
NASDAQ Composite index (IXIC) started the week with 3,055.26
points and finished it with
3067.92 points. The index rose sharply starting from Tuesday
(March 20) and the growth after
Thursdays drop in upcoming days (March 22-23) were very modest.
Weekly volume in NASDAQ
was 8,441,443,188 shares during week 12, which is on average
60,825,479,787 USD per day.
The biggest winner of this week is Dialogic (DLGC) with its
outstanding performance, which
resulted in 86.30% growth. Anchor Bancorp Wisconsin (ABCW) and
China Bak Battery
(CBAK) showed impressive results as well resulting in 56.52% and
41.73% growth respectively.
This week was very unfortunate for Dearborn Bancorp (DEAR),
Cardiome Pharma (CRME)
and Marina Biotech (MRNA) that saw their share price decrease by
65.71%, 59.07%, 31.19%
respectively.
The best performer this week turned out to be a leading provider
of communication technologies
Dialogic Inc. (DLGC) showing a massive increase of 86.30%.
Opening at 0.74 USD, the stock
price was moving sideways and remained stable throughout the
week when it suddenly burst on
Friday morning, performing a jump of 88.92% in one day and
closing at 1.36 USD level. Theweekly status quo was broken after
Dialogic Inc. had reported fourth quarter and full year 2011
financial results. According to financial statements, total
revenues have increased by 5.5%
NASDAQ Composite index (IXIC), Dow Jones Industrial Average
index (DJI) and S&P 500 index (INX) change during week 11.
Source: google.com/finance
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compared to the third quarter, achieving the highest non-GAAP
Gross Margins and EBITDA in the
companys history. These announcements have triggered new market
trading activity, escorting the
stock price to new heights. In the nearest future correction is
expected to occur and lower the price.
Afterwards, new support level should develop, which is likely to
be significantly higher than the
one in the beginning of the week.
Another great gainer of the week is Anchor Bancorp Wisconsin
(ABCW) holding company for
Anchor bank, which provides banking services to consumers and
businesses in four different states
of U.S. This weekcompanys share price jumped from 0.46 USD to
0.72 USD, which is an
increase of56.52%.
Most probably upcoming annual financial statemests (fiscal year
end at March 31) are the cause of
price growth. Over the last quarter EPS incresed from -0.92 to
-0.72 (21%) and according to
yahoo.finance estimations next years earnings should become
positive. The tendance attracted
investors, who are willing to see even greater performance of
the current quarter and of the fiscal
year 2011, and led to the sharpe growth of the price before
publishing annual report. So Anchor
Bancorp Wisconsin is a good investment while seeing positive
trend of earnings, even though they
are negative at the moment; but one should also know if under
any circumstances the annual reportwill indicate worse performance
than the last year, the share price would decrease
significantly.
Anchor Bancorp Wisconsin (ABCW) index change during week 12.
Source: http://www.google.com/finance
Dialogic Inc. (DLGC) index change during week 12; Source:
google.com/finance
http://www.google.com/financehttp://www.google.com/finance
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China BAK Battery Inc. (CBAK), global manufacturer of
lithium-based battery cells, faced an
increase of41.73% in its share price. Reason behind that is
companys contract with Geely (one of
the fastest-growing automakers in China and the parent company
of Volvo Car Corporation) to
develop battery packs for a new plug-in hybrid electric (PHEV)
sedan. Furthermore, company
finally reached consistent and sustainable level offinancial
performance which is a great indicator
for investors. Relatively low volumes might indicate that price
of the share could go either direction
(possibility of cerrection is not neglected), although we
strongly believe that recent growth is based
on strong fundamental evidences.
The third worst performer of the week is Marina Biotech (MRNA)
with 31.19 % decrease in share
price. Funny enough, last week the same company was the third
largest winner (90.57 % increase inshare price). Apparently,
successful performance of the company (profitable license agreement
with
ProNAi Therapeutics) was outweighted by investorswillingness to
take the profits; therefore,
intense correction followed by high volumes occured in the
market. Last four days of the trading
week were relatively calm with slight fluctuation around 0.68
USD per share. Looking at the
nearest future, companys shares might regain its attractiveness
when unaudited report for the first
quarter of 2012 will be published.
Marina Biotech (MRNA) index change during week 12; Source:
google.com/finance
China BAK Battery Inc. (CBAK) index change during week 12;
Source: google.com/finance
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