|Day Low/High||4.08 / 4.58|
|52 Wk Low/High||1.80 / 9.00|
Investors eyeing a purchase of Orion Marine Group Inc shares, but tentative about paying the going market price of $12.30/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2014 put at the $10 strike, which has a bid at the time of this writing of 60 cents.
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Orion Marine Group (NYSE:ORN) has been upgraded by TheStreet Ratings from a sell to hold.
Orion Marine Group (NYSE:ORN) has been downgraded by TheStreet Ratings from from a hold to sell.
Orion Marine Group Inc was a leading decliner within the materials & construction industry, falling 7 cents (-1.1%) to $6.45 on light volume.
These under-$10 stocks look poised to break out and trade higher from current levels.
Shares of Orion Marine Group (NYSE:ORN) were gapping down Thursday morning with an open price 12.3% lower than Wednesday's closing price. The stock closed at $7.97 yesterday and opened today's trading at $6.99.
Orion Marine Group (NYSE:ORN) hit a new 52-week low Monday as it is currently trading at $9.15, below its previous 52-week low of $9.16 with 150,365 shares traded as of 3:32 p.m. ET. Average volume has been 262,500 shares over the past 30 days.
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