In December of 1999, Radioshack Corp. (NYSE: RSH) stock was worth more than $76 per share. Today, RSH is worth less than $1.
And while RadioShack is the most recent example of a high-flying stock that dropped to penny-stock levels, there are plenty of other major companies that are prime candidates to make the same move.
Here are five companies in danger of trading for less than $1 if they don’t turn it around soon…
Top Financial news today, June 24, 2014: U.S. stock markets dipped on Monday as corporate mergers continued to make headlines and the United States saw home sales rise for a second consecutive month. Last month, sales of previously owned homes increased by 4.9%, the fastest one-month gain since August 2011.
Here's the rest of the financial news to watch today:
The conflict in Iraq is escalating beyond all hope of control – and it's impacting a huge number of investments worldwide. So we reached out to Dr. Kent Moors, one of very few people who've advised both the Kurdish regional and Iraqi federal governments.
What he told us was incredible, bringing crystal clarity to what had been an extremely murky picture.
More importantly, Kent's showed us a way forward through the supply crisis, and, as we'll see shortly, a way to profit from it.
by Diane Alter
Vertex Pharmaceuticals Inc. (Nasdaq: VRTX) tops Tuesday's hot stocks to watch list. Shares skyrocketed 50% intraday after the biotech company deemed its cystic fibrosis treatment a success.
Also landing on today's hot stocks list are a number of penny stocks moving on company developments, a semiconductor company rising on better-than-expected earnings, and several stocks moving up on analysts' action and M&A activity.
Stock market today, June 23, 2014: U.S. stock markets dipped on Monday as corporate mergers continued to make headlines and the United States saw home sales rise for a second consecutive month. Last month, sales of previously owned homes increased by 4.9%, the fastest one-month gain since August 2011.
The price of West Texas Intermediate crude oil was up 0.83% to $107.26 a barrel. The yield on the 10-year Treasury note remained in Friday's range of 2.61%.
And here are the top stories from the stock market today:
by Diane Alter
Tech behemoth Oracle Inc. (Nasdaq: ORCL) announced Monday it's buying MICROS Systems Inc. (Nasdaq: MCRS) for $5.3 billion, a move aimed at expanding its software offerings in the hospitality and retail segments.
The news sent ORCL stock up slightly in trading today, and the acquisition is part of a long-term plan from Oracle and CEO Larry Ellison.
Here’s why the deal could continue to send ORCL stock higher…
by David Zeiler
With the Dow Jones Industrial Average and the Standard & Poor's 500 index both routinely making record highs, figuring out how to invest in this aging bull market has gotten increasingly challenging.
But not impossible.
"There's still plenty of upside if you know where to look," said Money Morning Chief Investment Strategist Keith Fitz-Gerald. "The game has become more one of choosing the right stocks than it is worrying about what the broader index is doing."
Fitz-Gerald says investors need to focus on three specific things...
The Dow Jones Industrial Average has been viewed as a barometer for the U.S. stock market's performance since it was created on May 26, 1896.
It's the most widely recognized stock market index in the world, and is almost always referenced when analysts and investors mention discuss the "stock market" in any form.
by Tara Clarke
The Standard & Poor's 500 Index used to only include companies based in the United States. Now, 21 out of the 500 companies on the S&P 500 are headquartered outside of the U.S. – and more are likely to follow.
Here’s why this is happening – and how it actually helps investors…
This week is extremely busy on the IPO calendar as 19 companies hold initial public offerings. While there will be 19 new investment opportunities, the GoPro IPO is this week's must-watch IPO.
Through the IPO, GoPro plans to raise $401 million by offering 17.8 million shares at a $21 to $24 range. The company is expected to have a valuation near $3.4 billion after reporting $966 million in revenue last year.
