Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: Receptos
Receptos MS Drug Yields More Good Data; Stock Jump—Investor's Business Daily
Biotech Receptos (NASDAQ:RCPT) shot up more than 14% in morning trading on the stock market today, just shy of an all-time high, after it released more good data from a mid-stage clinical trial of its multiple-sclerosis drug.
Symbol: RCPT
Trailing PE: NA; Forward PE: NA
PEG: NA
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid Receptos
Stock number two: 21Vianet Group, Inc.
Fraud Allegations Cause 21Vianet Group to Plunge --The Street.com
Down -16.36% midday, 21Vianet Group Inc (VNET_) took a major hit today. The explanation: fraud allegations. The Chinese internet data services company is accused of fabricating SEC financial statement and conducting illegal activities in China. Farallon Capital has a stake in the firm, as does George Soros, and both parties are certainly keeping a close eye on this.
Symbol: VNET
Trailing PE: NA; Forward PE: 5.03
PEG: 3.01
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid 21Vianet
Stock number three: eBay Inc.
eBay (EBAY) Plunges as Apple Announces Payment Service --Zack's
E-Commerce service provider eBay Inc.’s (EBAY) shares tumbled 2.8% to settle at $52.73 after technology giant, Apple (AAPL), unveiled a new payment service ‘Apple Pay’ at a conference in Cupertino. Apple Pay is a mobile payment system which is compatible with iPhones.
Symbol: EBAY
Trailing PE: NA; Forward PE: 15
PEG: 1.41
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Buy Ebay