November 29, 2016 - By Ellis Scott
The stock price of RECKITT BENCKISER PL (OTCMKTS:RBGLY) recorded $-0.24 in recent trading, touching $16.82 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, RECKITT BENCKISER PL’s stock was big mover. According to the short interest report published recently, (RBGLY) had 266,900 shorted shares for 0.3 days to cover. The prior short interest was 34,300 for a $678.13 change. The 52-Week High and Low are noted here. -18.74% (High), 0.60%, (Low). The stock had 892,200 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More notable recent Reckitt Benckiser Group Plc-ADR (OTCMKTS:RBGLY) news were published by: Seekingalpha.com which released: “Reckitt Benckiser – Great Stock, Poor Price” on August 22, 2016, also Seekingalpha.com with their article: “Reckitt Benckiser: A Cheap Pound Alleviates Growth Pressures” published on July 31, 2016, Seekingalpha.com published: “M&A intrigue around Church & Dwight lingers” on May 19, 2016. More interesting news about Reckitt Benckiser Group Plc-ADR (OTCMKTS:RBGLY) were released by: Seekingalpha.com and their article: “Why I’ve Sold Reckitt Benckiser After Its Recent Post-Brexit Surge” published on July 12, 2016 as well as Seekingalpha.com‘s news article titled: “Reckitt Benckiser: A Strong Dividend Growth Story From The U.K.” with publication date: May 31, 2016.
Reckitt Benckiser Group plc is a manufacturer and marketer of health, hygiene and home products. The company has a market cap of $58.61 billion. The Company’s divisions include ENA, DvM and Food. It currently has negative earnings. The ENA segment consists of Europe, Russia/Commonwealth of Independent States , Israel, North America, Australia and New Zealand.
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By Ellis Scott