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Penny Stock DD

Posted by Anna Maroney on Friday, November 19th, 2010

ARM Holdings, plc. (NASDAQ:ARMH) is one of the most actively traded stock during the pre open session in the green zone today. The stock has gained 1.56% to trade at a price of $18.19 from its last closing price of $17.19. The market capitalization of the stock is standing at $7.89 billion. ARMH is offering dividend yield of 0.6% to its shareholders. ARMH has traded with great price volatility in the previous trading session and just managed to close in positive zone at the end of the day. The same price instability can be expected in the stock today as well. Intraday trading with cautious attitude may earn decent returns in a short time.

Qiagen N.V. (NASDAQ:QGEN) stock has a market capitalization of $4.52 billion with current stock price of $19.49 in the pre open session. The stock is up by 8 cents from its last day end price of $19.41. The volumes in the stock have only crossed 54K, which is not very healthy as compared to daily average of 1.6 million shares turnover. The one year target fair value of the company is $22.46, offering 13.5% upside in the medium term. The stock has ranged between $16.86-24.00 in last 52 weeks time span. QGEN is trading at price to earnings multiple of 30.62. I don’t see aggressive price movement in the stock during today’s session.

Dell Inc. (NASDAQ:DELL) has announced its third quarter earnings yesterday evening. The earnings have exceeded the market expectation. DELL has posted strong earning per share of $0.42. This quarter earnings more than doubled to $822 million from $337 million same period last year. The analysts’ community was expecting earnings of $0.32 a share on revenue of $15.75 billion. The improved bottom line news has boosted the investors’ confidence and the stock has rallied upward. Currently the stock is up by 3.18% to trade at a price level of $14.10. The volumes in the stock depict buying interest of the investors. The stock is trading close to its fair value of $15.87. Intraday trading is looking good at this stage with proper stop loss defined.

Regards,

Don

More on this topic (What's this?) Read more on ARM Holdings, Qiagen N.V., Dell at Wikinvest

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