Basic Material Stocks Falls on Downgrades (ACI, ATPG, GMXR, CF)
Top Basic Material Stocks.
(EMAILWIRE.COM, March 16, 2010 ) Dallas, Tx - Following were among the Basic Materials companies whose shares were actively traded in Monday's session.
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Arch Coal, Inc. (NYSE:ACI) lost 2.88% to $24.62 on 6.15 million shares after HSBC downgraded Arch Coal from Overweight to Neutral with a price target of $30.
ATP Oil & Gas Corporation (NASDAQ:ATPG) fell 4.75% to $18.86 on 3.77 million shares after CapitalOne SouthCoast downgraded ATP Oil & Gas Corporation from “Add” to “Neutral.”
GMX Resources Inc. (NYSE:GMXR) dropped 1.56% to $9.44 on 1.08 million shares after Canaccord Adams downgraded GMX Resources from Buy to Hold with price target cut from $17 to $10.50.
CF Industries Holdings, Inc. (NYSE:CF) declined 0.36% to $96.38 on 3.50 million shares after UBS downgraded CF Industries from Neutral to Sell. The firm also slashed its 12-month price target on the stock by more than 22% from $104 to $81.
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Arch Coal, Inc. (NYSE:ACI) lost 2.88% to $24.62 on 6.15 million shares after HSBC downgraded Arch Coal from Overweight to Neutral with a price target of $30.
ATP Oil & Gas Corporation (NASDAQ:ATPG) fell 4.75% to $18.86 on 3.77 million shares after CapitalOne SouthCoast downgraded ATP Oil & Gas Corporation from “Add” to “Neutral.”
GMX Resources Inc. (NYSE:GMXR) dropped 1.56% to $9.44 on 1.08 million shares after Canaccord Adams downgraded GMX Resources from Buy to Hold with price target cut from $17 to $10.50.
CF Industries Holdings, Inc. (NYSE:CF) declined 0.36% to $96.38 on 3.50 million shares after UBS downgraded CF Industries from Neutral to Sell. The firm also slashed its 12-month price target on the stock by more than 22% from $104 to $81.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides free stock newsletters on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We provide alerts on hot stocks, top penny stocks , most active stocks and much more. You can become leader in stock market by keeping track of the daily activity.
###
Press release service and press release distribution by EmailWire.Com for public traded companies on NASDAQ, NYSE, AMEX, OTC, TMX, CNSX and Pink Sheets Stock Exchanges - http://www.emailwire.com/press_release_service_otc_pink_sheets.php
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Email us
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