Satyam Computer Services is a global IT solutions provider, which offers application development and maintenance services, consulting and enterprise business solutions, extended engineering solutions and infrastructure management services. Arthrocare ( ARTC) Sector: Health Care Industry: Health Services Recent High: On Dec. 18, ARTC hit a high of $16.34 Recent Low: On Jan. 20, ARTC had a low of $3.02 Price on March 4: $3.03 Current SmartStops exit alert: $2.45
A few weeks ago, TheStreet.com reported that Arthrocare has been struggling to secure routine coverage for PDD surgery for years. And in the past, the company could at least count on Medicare to review -- and sometimes approve -- the surgeries on a case-by-case basis. Now that Medicare has issued a formal non-coverage decision, however, the agency can routinely deny payment for the operations -- and it can influence traditional health insurers to do the same. On Dec. 18, the stock closed at $16.23 and on the 19th, after the bad news was out, ARTC opened at $7.55 and closed at $5.92. However, SmartStops.net protected ARTC investors a few days earlier with a timely sell alert on Dec. 12 at $13.90. Arthrocare is a multibusiness medical device company that develops, manufactures and markets invasive surgical products. Century Aluminum ( CENX) Sector: Basic materials Industry: Metals and mining Recent High: On Jan. 6, CENX hit a high of $12.80 Recent Low: On March 3, CENX had a low of $1.31 Price on March 4: $1.50 Current SmartStops exit alert: $1.23 Century seems to be in a tough situation these days. Earnings are dropping and they are closing smelters. The global financial crisis and sharp declines in metals prices have forced several aluminum companies to abandon or put on hold their plans to bring new mines on-stream. Other aluminum producers also have shut down or curtailed output at mines and plants as high costs and low prices create obvious problems.