Nobody likes to be given a grade of F in school…or in stock ratings. Yet, these stocks have shown such poor price action recently that they have fallen to this lowly state of a POWR Rating of “F” Strong Sell.
Aphria is the most well known of the companies found on this list. This once high flying medical marijuana stock has tumbled of late. BelGene, Hecla and Mallinckrodt and Malink are other notable additions. Check out the full list of upgrades below.
AirMedia Group Inc., each representing ten ordinary shares
Aphria Inc. Common Shares
Cidara Therapeutics, Inc.
Exterran Corporation Common Stock
Gridsum Holding Inc.
Hecla Mining Company Common Stock
Hornbeck Offshore Services Common Stock
Hexindai Inc. – ADR
Kadmon Holdings, Inc. Common Stock
Miragen Therapeutics, Inc.
Mallinckrodt plc Ordinary Shares
Minerva Neurosciences, Inc
All of these stocks were recently downgraded to a POWR Rating of “F” Strong Sell. The POWR Ratings is a momentum based stock ranking system. In general, stocks don’t suffer this poor of price action unless the fundamental outlook has also become very weak.
Typically when both the fundamentals and price action head south…the stock continues to underperform into the future. The best strategy is to sell these shares and find better opportunities elsewhere. The place to look for greener pastures is our full list of ”A” rated Strong Buy stocks found here: https://stocknews.com/best-stocks/
About the Author: Steve Reitmeister
Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...
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