This week our list of rapidly rising stocks is concentrated in technology issues and a leveraged ETF that goes short. In the meantime, the rapidly falling stocks seem to be an unfortunate assortment of stocks experiencing bad news in a bad market.
Aladdin Knowledge Systems (ALDN)
Industry: Software & Programming
Recent Low: On Dec. 31, ALDN closed at $6.16
Recent High: On Jan. 12, ALDN hit a high of $11.10
Price on March 4: $10.27
Current SmartStops exit alert: $9.37
In 2008 these volatile shares traded as high as $26.55 and closed out the year at $6.16. The shares reached their recent high of $11.10 in mid-January after they rallied more than 80% from the low in only eight days of trading. The shares were up on news of a private buyout at $11.50 per share.
Aladdin Knowledge Systems is an information security leader with offices in 15 countries, a worldwide network of channel partners, and numerous awards for innovation. Aladdin eToken is the world's #1 USB-based authentication solution, offering identity and access management tools that protect sensitive data. Aladdin SafeWord two-factor authentication technology protects companies' important information assets and applications.Aladdin HASP SRM boosts growth for software developers and publishers through strong anti-piracy protection, IP protection, and secure licensing and product activation. Aladdin eSafe delivers real-time intelligent Web gateway security that helps protect data and networks, improves productivity, and enables compliance. ProShares Ultra Short Financials (SKF)
Recent Low: On Jan. 6, SKF closed at $101.98
Recent High: On March 4 SKF closed at $208.01
Price on March 4: $208.01
Current SmartStops exit alert: $169.27