Shares of Rocket Fuel Inc. (NASDAQ:FUEL) Drops by -17.13%
Rocket Fuel Inc. (NASDAQ:FUEL) has lost 17.13% during the past week and dropped 19.8% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 12.05%. Rocket Fuel Inc. (NASDAQ:FUEL) has underperformed the index by 15.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company shares have received an average consensus rating of Hold for the current week Fridays trading session turned out to be a no-profit no-loss event for Rocket Fuel Inc. (NASDAQ:FUEL). The opening trade occurred at $5.62 and the highest and the lowest points of the day were $5.98 and $5.5 respectively. The final trade was registered at $5.71 and the volume by the end of the day had touched 682,591 shares. The 52-week high of the stock is $21.1 and the 52-week low is $5.5. According to the current valuation, the market cap of the company is $244 million and the total number of shares available in public circulation is 42,704,000.
Rocket Fuel Inc. has dropped 36.2% during the last 3-month period . Year-to-Date the stock performance stands at -64.58%. The company shares have dropped 61.6% in the past 52 Weeks. On November 13, 2014 The shares registered one year high of $21.1 and one year low was seen on August 21, 2015 at $5.5. The 50-day moving average is $7.2 and the 200 day moving average is recorded at $8.89. S&P 500 has rallied 1.35% during the last 52-weeks. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Frankel Richard A., director officer (Co-Founder and President) of Rocket Fuel Inc., unloaded 12,000 shares at an average price of $8.96 on April 22, 2015. The total amount of the transaction was worth $107,520, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Rocket Fuel, Inc. is a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform. Its technology is designed to address the needs of markets in which the volume and speed of information render real-time human analysis infeasible. The Companys Artificial Intelligence (AI), system autonomously purchases ad spots, or impressions, one at a time, on these exchanges to create portfolios of impressions designed to optimize the goals of its advertisers, such as increased sales, heightened brand awareness and decreased cost per customer acquisition. Its solution is designed to optimize both direct-response campaigns focused on generating specific consumer purchases or responses, as well as brand campaigns geared towards lifting brand metrics. In September 2014, the Company acquired X Plus Two Solutions Inc. Effective September 05, 2014, Rocket Fuel Inc (Rocket) acquired the entire share capital of [x+1] Inc.
Source: Shares of Rocket Fuel Inc. (NASDAQ:FUEL) Drops by -17.13%
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