November 29, 2016 - By Ruchi Gupta
The stock price of SBERBANK RUSSIA (OTCMKTS:SBRCY) recorded $-0.03 in recent trading, touching $10.16 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, SBERBANK RUSSIA’s stock was big mover. According to the short interest report published recently, (SBRCY) had 1.39 million shorted shares for 5.2 days to cover. The prior short interest was 1.85M for a $-24.94 change. The 52-Week High and Low are noted here. -0.97% (High), 139.06%, (Low). The stock had 264,700 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 Sberbank Rossii PAO – ADR (OTCMKTS:SBRCY) news were published by: Reuters.com which released: “Sberbank 9-month net profit to RAS up at RUB 376.65 billion” on October 07, 2016, also Reuters.com with their article: “Sberbank 8-month net profit to RAS rises to RUB 322.79 billion” published on September 07, 2016, Reuters.com published: “Sberbank 7-month net profit to RAS up at RUB 275 bln” on August 05, 2016. More interesting news about Sberbank Rossii PAO – ADR (OTCMKTS:SBRCY) were released by: Reuters.com and their article: “Sberbank H1 net profit to RAS up at RUB 229.4 billion” published on July 07, 2016 as well as Reuters.com‘s news article titled: “Gaz signs agreement on strategic cooperation with Sberbank” with publication date: June 17, 2016.
Sberbank Rossii PAO, formerly Sberbank Rossii OAO is a Russia commercial bank. The company has a market cap of $54.61 billion. It provides a range of corporate and retail banking services, such as payments and transfers, currency exchange, credit cards, travel checks, mutual funds, precious metal trading, deposits, brokerage services and many others. It currently has negative earnings. Sberbank Rossii OAO operates numerous subsidiaries, including data processing firm Rutarget that provides Segmento advertising platform.
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By Ruchi Gupta