UONE

23 Jun: Stock market news for June 22, 2020

The latest stock market news for June 22, 2020. A choppy stock trading session, at the close all major stock indices were higher, Dow gained more than 150 points.

Stock market news

The closing numbers for the US stock market on June 22, 2020:

S&P 500: 3,117.86,+20.12(+0.65%)
Dow 30: 26,024.96, +153.50(+0.59%)
Nasdaq: 10,056.47,+110.35(+1.11%)
Russell 2000: 1,433.50, +14.86(+1.05%)

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 31.77-3.35 (-9.54%).

Stock movers

Ideanomics, Inc. (IDEX) stock gained more than 40%, with a stock price at the close of 3.2900+1.0700 (+48.20%).


Ideanomics, Inc. (IDEX) stock chart
Ideanomics, Inc. (IDEX) stock chart

Source: Stockscharts

Stock gainers

Kirkland’s Inc. (KIRK): 3.54,+ 1.51 +74.38%
Evoke Pharma Inc. (EVOK): 3.80,+ 1.45 +61.70%
Fuwei Films (Holdings) Co. Ltd. (FFHL): 4.69,+ 1.60 +51.78%

Stock losers

Urban One Inc. Cl A (UONE): 19.36, -16.94 -46.67%
Urban One Inc. Cl D (UONEK): 2.90, -1.25 -30.12%
Caledonia Mining Corp. PLC (CMCL): 12.36, -4.69 -27.51%

Most active stocks

Ideanomics Inc. (IDEX): 3.29 +1.07 +48.20%
American Airlines Group Inc. (AAL): 14.92, -1.08 -6.75%
NIO Inc. ADR (NIO): 7.43,+ 0.09 +1.23%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Information Technology was the best performing sector +1.93%, Financials was the worst performing sector -0.48%.

U.S. Sectors & Industries Performance for June 22, 2020
U.S. Sectors & Industries Performance for June 22, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock trading. Subscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing.

22 Jun: Urban One stock today falls more than 40%

Urban One stock today

Urban One, Inc. (UONE) stock at 2:48 PM, ET time today is plunging more than 40%, having a stock price of 19.30-17.00 (-46.83%). We recently mentioned our financial analysis opinion about UONE stock.

Stock investing

We wrote “With no major financial news and losses for the trailing twelve months, the stock price surge for Urban One stock requires a lot of prudence. Stocks to buy or stocks to sell move according to speculative trades and now UONE stock seems to attract a lot of speculators.”

Stock market newsletter

Subscribe to our stock market newsletter, covering stocks to buy, stocks to sell.

19 Jun: Urban One stock price irrational exuberance

Urban One, Inc. (UONE) stock price has made an impressive rally, but caution is suggested

Urban One, Inc. (UONE) stock closed at 25.00+12.29 (+96.70%) on June 18, 2020. The performance for Urban One stock is impressive:
5 Day: 1,555.63%
1 Month: 1,949.18%
3 Month: 1,522.85%
YTD: 1,137.07%
1 Year: 1,070.41%

What drove the UONE stock higher?

An article that explains this irrational exuberance about Urban One stock, UONE stock mentions the key factors to this stock price surge:

“Sometimes It All Comes Down to the Float
Let’s look at how float — and price psychology and social media — led to big moves in Urban One this week.”

Source:https://realmoney.thestreet.com/investing/stocks/sometimes-it-all-comes-down-to-the-float-15352813?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Urban One stock fundamentals

A look at the financials for the Urban One stock shows a flat trend for the 5-year revenue growth, an increae for the net income, EPS that have plunged in 2019 to $0.02 per share compared to $3.01 per share in 201, a surge in short-term debt and positive free cash flows.

Source: MarketWatch

But having a look at latest EPS (TTM) they are negative at -$0.43 per share.

With no major financial news and losses for the trailing twelve months, the stock price surge for Urban One stock requires a lot of prudence. Stocks to buy or stocks to sell move according to speculative trades and now UONE stock seems to attract a lot of speculators. Investing is different than speculating.

19 Jun: Stock market news for June 18, 2020

A choppy trading session for the US stock market with Nasdaq Composite and S&P 500 closing higher and Dow Jones lower.The latest stock market news for June 18, 2020.

Stock market news

The closing numbers for the US stock market on June 18, 2020:

S&P 500: 3,115.34,+1.85(+0.06%)
Dow 30: 26,080.10,-39.51(-0.15%)
Nasdaq: 9,943.05,+32.52(+0.33%)
Russell 2000: 1,425.83,-0.70(-0.05%)

Stock market volatility

The CBOE Volatility Index (^VIX) closed lower at 32.94-0.53 (-1.58%).

Stock movers

Urban One, Inc. (UONE) stock was among stock movers with gains of more than 95%, having a stock price of 25.00+12.29 (+96.70%) at the close.

Urban One, Inc. (UONE) stock chart
Urban One, Inc. (UONE) stock chart

Source: Stocks charts

Stock gainers

Alpine Immune Sciences Inc. (ALPN): 10.95,+ 6.29 +134.98%
Urban One Inc. Cl A (UONE): 25.00,+ 12.29 +96.70%
Neonode Inc. (NEON):8.62,+3.52 +69.02%

Stock losers

VerifyMe Inc. (VRME): 3.90, -2.35 -37.60%
Atlantic American Corp. (AAME): 1.85 -0.92 -33.21%
Art’s Way Manufacturing Co. (ARTW): 2.68, -1.31 -32.83%

Most active stocks

Ideanomics Inc. (IDEX): 2.06,+ 0.04 +1.98%
Urban One Inc. Cl D (UONEK): 3.63,+ 0.98 +36.98%
United States Steel Corp. (X): 8.15, -1.23 -13.11%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Energy sector was the best performing sector +1.19%, Real Estate sector was the worst-performing sector -1.34%.

U.S. Sectors & Industries Performance for June 18, 2020
U.S. Sectors & Industries Performance for June 18, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock trading

17 Jun: Stock market news for June 16, 2020

Stock market news

“U.S. equities rose on Tuesday, helped by a bevy of bullish news, including a historic jump in retail sales and positive data from a study in a coronavirus treatment. Stocks were also helped by reports that the Trump administration is preparing a $1 trillion infrastructure bill.”

Source: https://www.cnbc.com/2020/06/16/stock-market-live-today.html

How the US stock market closed on June 16, 2020

S&P 500: 3,124.74,+58.15(+1.90%)
Dow 30: 26,289.98,+526.82(+2.04%)
Nasdaq: 9,895.87,+169.84(+1.75%)
Russell 2000: 1,452.26,+32.65(+2.30%)

Stock market volatility

The CBOE Volatility Index (^VIX) closed at 33.67, -2.12% lower compared to tis previous close at 34.40 on Kune 15, 2020.

Stock movers

iQIYI, Inc. (IQ) stock was a trending stock, with a stock price of 24.10+4.95 (+25.85%) at close: June 16 4:00PM EDT.

iQIYI, Inc. (IQ) stock chart
iQIYI, Inc. (IQ) stock

Source: Stockscharts

Stocks that were top gainers, top losers and most active:

Stock gainers

Urban One Inc. Cl A (UONE): 27.19,+ 20.65 +315.75%
Mid-Con Energy Partners L.P. (MCEP): 5.55,+ 2.69 +94.06%
Beasley Broadcast Group Inc. Cl A (BBGI): 3.75,+ 1.59 +73.61%

Stock losers

Wins Finance Holdings Inc. (WINS): 26.45, -6.88 -20.64%
Chesapeake Energy Corp. (CHK): 15.36, -3.51 -18.60%
AVEO Pharmaceuticals Inc. (AVEO): 6.25, -1.42 -18.51%

Most active stocks

NIO Inc. ADR (NIO): 6.99,+ 0.16 +2.34%
American Airlines Group Inc. (AAL): 17.03,+ 0.33 +1.98%
Ford Motor Co. (F): 6.55 +0.05 +0.77%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

Energy was the best performing sector +2.82%, Utilities were the worst-performing sector +0.46%.

U.S. Sectors & Industries Performance for June 16, 2020
U.S. Sectors & Industries Performance for June 16, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock trading

16 Jun: Urban One stock surges today June 16, 2020

Urban One (UONE) stock price today

At 3:35 PM, ET time today June 16, 2020, Urban One, Inc. (UONE) stock is gaining more than 400%. The latest UONE stock price is 35.15+28.61 (+437.46%).

Urban One (UONE) stock news

“Shares of Urban One Inc. UONE, +437.46% nearly doubled in very active morning trading Tuesday, and has now skyrocketed 8-fold in three days. The gains come even as the only news from the media company, which primarily targets black Americans and urban consumers, was a disclosure Monday that Brigade Capital Management L.P. sold its entire 3.9 million-share stake in Urban One on June 11. The stock rallied 83.5% in morning trading, on volume of 9.7 million shares, which compares with the full-day average of about 871,000 share.”

Source: https://www.marketwatch.com/story/urban-ones-stock-rockets-on-heavy-volume-again-hits-16-year-high-intraday-2020-06-16?siteid=yhoof2&yptr=yahoo

As Urban One (UONE) stock rallies on the news mentioned but without further othe fundamental or economic news, caution is suggested after this stock rally.

Urban One (UONE) stock chart

Urban One (UONE) stock chart
Urban One (UONE) stock chart

Source: Stockscharts.com, market open, data as of 3:40 PM, ET time, June 16, 2020.

16 Jun: Stock market news for June 15, 2020

Stock market news

“Stocks rebound as markets swing on coronavirus fears.

Stocks clawed back gains Monday, erasing early losses after the Federal Reserve signaled it would further support financial markets in the wake of the coronavirus pandemic, boosting investor confidence.

The Dow Jones industrial average climbed 157.62 points to close at 25,763.16, cutting declines after tumbling more than 700 points shortly after the opening bell. A rise in virus cases in the U.S. and China had briefly dampened investors’ optimism for a global economic recovery.

Stocks, however, added to gains after the Federal Reserve said Monday it would buy individual corporate bonds, a sign the central bank will further support credit markets during the pandemic. The Fed said earlier this year it would buy corporate bond exchange traded funds.

A rise in shares of big technology companies helped offset declines in industries that were battered by the pandemic including airlines, retailers and cruise liners.

The Standard & Poor’s 500 added 0.8% to end at 3,066.59, after finishing its worst week in nearly three months on Friday to snap a three-week winning streak. Airline, retail and cruise liners were among the biggest decliners, beaten-down stocks that had rebounded in May on hopes that the economy was recovering. United Airlines fell about 2%. Retailer Kohl’s lost 2% while shares of Carnival dropped nearly 3%.

The technology-heavy Nasdaq Composite rose 1.4% to finish at 9,726.02, helped by gains in highflying shares like Facebook and Netflix.”

Source: https://eu.usatoday.com/story/money/2020/06/15/dow-tumbles-fears-coronavirus-resurgence/3189922001/

How the US stock market closed on June 15, 2020

S&P 500: 3,066.59,+25.28(+0.83%)
Dow 30: 25,763.16,+157.62(+0.62%)
Nasdaq: 9,726.02, +137.21(+1.43%)
Russell 2000: 1,419.61, +31.92(+2.30%)

Stock market volatility

The CBOE Volatility Index (^VIX) at close fell to 34.40-1.69 (-4.68%). Stock market volatility fell although the major stock indices recovered their losses and closed higher.

Stock movers

Urban One, Inc. (UONE) stock was among top stock gainers with a stock price at close of 6.54+4.70 (+255.43%). There was a surge in volume for UONE stock, 25,060,500 shares traded compared to the average volume of 408,234.

Stock gainers

Edesa Biotech Inc. (EDSA): 5.80,+ 2.90 +100.00%
Net Element Inc. (NETE): 6.90,+ 2.30 +50.00%
Celldex Therapeutics Inc. (CLDX): 10.71,+ 2.91 +37.31%

Stock losers

Hertz Global Holdings Inc. (HTZ): 1.88, -0.95 -33.57%
China Rapid Finance Ltd. ADR (XRF): 2.34, -0.49 -17.31%
Art’s Way Manufacturing Co. (ARTW): 2.54, -0.51 -16.72%

Most active stocks

Hertz Global Holdings Inc. (HTZ): 1.88, -0.95 -33.57%
American Airlines Group Inc. (AAL): 16.70, -0.04 -0.24%
Genius Brands International Inc. (GNUS): 4.52, +0.36 +8.65%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

All sectors closed higher. Financials were the best performing sector +1.38%, Energy was the worst-performing sector +0.09%.

U.S. Sectors & Industries Performance for June 15, 2020
U.S. Sectors & Industries Performance for June 15, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock trading.