November 29, 2016 - By Marguerite Chambers
The stock price of QBE INSURANCE GROUP LTD (OTCMKTS:QBIEY) recorded $-0.09 in recent trading, touching $8.37 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, QBE INSURANCE GROUP LTD’s stock was big mover. According to the short interest report published recently, (QBIEY) had 5,200 shorted shares for 0.1 days to cover. The prior short interest was 8,300 for a $-37.35 change. The 52-Week High and Low are noted here. -9.90% (High), 22.19%, (Low). The stock had 67,800 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 Q B E Insurance Group Ltd. (OTCMKTS:QBIEY) news were published by: Moodys.com which released: “Moody’s upgrades QBE Insurance Group Limited’s Senior Unsecured Debt Rating to …” on November 24, 2015, also Fool.com.Au with their article: “Why I think QBE Insurance Group Ltd is a buy” published on November 22, 2016, Moodys.com published: “Moody’s places QBE Insurance Group Limited’s ratings on review for possible …” on August 24, 2015. More interesting news about Q B E Insurance Group Ltd. (OTCMKTS:QBIEY) were released by: Fool.com.Au and their article: “Crash: Why the QBE Insurance Group Ltd share price is plunging today” published on August 17, 2016 as well as Businesswire.com‘s news article titled: “A.M. Best Affirms Ratings of QBE Insurance Group Limited and Its Key Subsidiaries” with publication date: March 10, 2016.
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