|Day Low/High||5.34 / 5.43|
|52 Wk Low/High||4.97 / 9.05|
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In recent trading, shares of Sonus Networks, Inc. have crossed above the average analyst 12-month target price of $7.83, changing hands for $7.93/share.
It was a busy week of moves in the portfolio as we head into the latter half of the second quarter.
We initiated one new position and exited another last week, while several other names reported earnings.
During a busy week of earnings and data, we exited 2 positions and initiated a small one.
Sonus Networks posted less disappointed than expected earnings.
In trading on Wednesday, shares of Sonus Networks, Inc. crossed above their 200 day moving average of $7.15, changing hands as high as $7.44 per share.
Plus, comments on Amplify Snack Brands in light of Pepsi's results.
We exited one position and downgraded another as earnings season heated up.
Investors eyeing a purchase of Sonus Networks, Inc. stock, but cautious about paying the going market price of $6.94/share, might benefit from considering selling puts among the alternative strategies at their disposal.
We added a new name to the portfolio as the market took a breather in a shortened trading week.
We beat the benchmark Russell 2000 for the quarter, and we await a busy week on the economic front.
We are keeping an eye on rate-sensitive names for possible buying opportunities, as stocks fell around 1.5% this week.
We picked up more Abraxas Petroleum on weakness, while the market rebounded slightly after the FOMC announced the anticipated quarter-point rate hike.
We bulked up on Abraxas Petroleum and Yamana Gold on weakness, as the markets pulled back and investors positioned for next week’s FOMC meeting.
We booked some profits in Huntington Bancshares and Builders FirstSource, while markets digested the likelihood of a March rate hike.
We opened a new position in Abraxas Petroleum on its above-average growth potential, as stocks faced selling pressure this week.
More than three-quarters of the companies in the S&P 500 have reported results, and 66% have exceeded expectations.
We view the stock's decline on mixed quarterly results as a buying opportunity.
In recent trading, shares of Sonus Networks, Inc. have crossed above the average analyst 12-month target price of $6.75, changing hands for $6.79/share.
We closed out our position in OraSure Technologies for an average gain of 105% gain.
We used some of the proceeds to boost our stake in Jive Software this week. In addition, we initiated a position in drug-delivery system developer, Antares Pharma.
We used a price decline to add to our position in TherapeuticsMD this week.
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