News / Business
Very Unusual Stock Movers (WPO, POWL, EEE)
Stock Movers
The Washington Post Company (NYSE:WPO) is one of the most notable stocks and climbed over 5% to $365.23 on higher than the average volume.
This weekend, Barron's article said the company's Kaplan Inc. education division is worth more than the negative value assigned to it by the stock market in recent weeks.
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The stocks of Washington Post and other owners of for-profit schools have recently been hit hard on concerns that a regulatory crackdown related to student loans could curtail enrollment.
The stock is still down over 14% over the past one month.
Powell Industries, Inc. (NASDAQ:POWL) shares are also some unusual trading activities on Monday and surged 4% to $30.45 on unusual volume.
This morning, analysts at Sidoti & Co. upgraded the stock to buy from neutral.
"Although we expect new orders in the oil and gas sector to remain weak through next year, we think Powell will benefit from spending on transit projects, new green electricity production and stimulus spending," said Sidoti analyst John Franzreb, in a note to investors.
The firm set a price target of $38, which is still represents a premium of about 25% at current price.
Powell Industries, Inc. (Powell) develops, designs, manufactures and services custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes.
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Evergreen Energy Inc. (NYSE:EEE) shares soared 29.63% to $1.40 on heafty volume following a 56% fall in the past week.
Today’s rise seems to be slight bounce back from the lower levels and doesn’t confirm the continuation of an uptrend.
The stock last week fell below its 50-Day Moving Average price of $1.56, which is a major technical concern.
Evergreen Energy Inc. (Evergreen Energy) is a cleaner coal technology, energy production and environmental solutions company focused on developing technologies. The Company developed two green technologies: the GreenCert suite of software and services and K-Fuel. GreenCert technology is an environment intelligence solution that measures greenhouse gases (GHG) and other environmental costs enabling customers to manage and report their environmental assets and liabilities.
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