Largest Weekly Price Decliners: UAHC, GORX, IBCP, CPTS, RGS)
July 11th, 2010 at 8:06 am Posted by
The Dean would like to share 5 of the largest weekly price decliners for the week.
UAHC -37.5% for the week
United American Healthcare (NASDAQ: UAHC) provides management and consulting services to a managed care organization. The organization, based in Tennessee involves both Medicare and Medicaid residents. UAHC lost 37.5% of its stock value in the stock week beginning July 6th 2010. UAHC closed the previous week at .541 and closed the week down .151. With the exception of the disappointing opening hours of Tuesday morning; UAHC’s stock value remained steady through the Wednesday and Thursday. Much of the value lost this weekend occurred on Friday. On Friday, UAHC opened down 12 cents and stumbled throughout the day steeling at a price of .39.
GORX -29.4% for the week
GeoPharma, Inc. (PINK: GORX) manufactures, packages and distributes generic healthy and beauty products internationally. GORK’s stock price was highly volatile this week. GORK closed at .129 during the previous week. At three separate points during the week the stock traded at less than half of the previous week’s value; each time rebounding at or above .11. GORK closed on one of its downward turns. The week’s closing price was .08, down .038 (-29.4%).
IBCP -21% for the week
Independent Bank Corporation (MI) (NASDAQ: IBCP) is a holding company for the Independence Bank operated in Michigan. IBCP offers common commercial banking services including checking and savings accounts, safety deposit box services, and commercial lending. IBCP closed last Friday, July 2nd 2010 at .35. As of closing on Thursday July 8th 2010, the stock had only slipped by one cent. On Friday the ninth, IBCP fell by 21% (-.07) for the day and closed for the week at .27 a share.
CPTS -19.5% for the week
Conceptus, Inc. (NASDAQ: CPTS) designs and commercializes medical devices, which as a minimally invasive birth control. CPTS closed on Friday July 2nd 2010 at $15.74. By the end of the following week CPTS was down to $12.67. This represents a fall of $3.07 or 19.5% of the stock value. Coinciding with the drop, the majority of which happened of Friday July 9th, 2010, was a daily volume trading on Friday of 1344% greater than the 90-day average.
RGS -9.7% for the week
Regis Corporation (NYSE: RGS) operates as well as franchises hair treatment salons both domestically and abroad. Beyond just hair styling, the corporation engages in hair restoration, hair therapy, and the production of hair care products. RGS closed at $13.87 on July 9th 2010, down $1.49 from its previous week’s close of $15.36. Week to week the stock was trading at 9.7% less.
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