M8 BARRON’S September 30, 2019
Thechartsrecordthenetchangeinshareprice,thehigh,lowandclosingtrades,andsharevolumeforcompanieswithnoteworthystockactivitylastweek.Inaddition,thegraphsdepictlastweek’sdailypriceactivityindetail.The
dottedlineonsomegraphsdenotesthestock’s200-daymovingaverage;lackofamovingaveragemeanstheshareshavetradedforlessthanthattimeperiod.
Charting the Market
A graphic look at selected stock activity for the week ended on September 27, 2019 n Edited by Bill Alpert
PHILIP MORRIS INTERNATIONAL
PM (NYSE)•75.13•3.93
707274MTWTF7678647076828894Stock Price $048SO N D J F M A M J J AS96Volume in MillionsThe tobacco giant called
offitsplannedmergerwith
Altria Group, whose stake
in vape maker Juul Labs
was one reason that share-
holders disliked the deal.
LATAM AIRLINES GROUP
LTM (NYSE)•11.81•2.89
8.09.511.0MTWTF12.514.06.58.09.511.012.514.0Stock Price $05SO N D J F M A M J J AS10Volume in MillionsDelta will buy a 20%
stake in the Chilean airline
and form a strategic part-
nership.Thenewsprompted
analysts to raise their rat-
ings for Latam.
MARATHON PETROLEUM
MPC (NYSE)•62.42•7.32
53.055.558.0MTWTF60.563.0425160697887Stock Price $032SO N D J F M A M J J AS64Volume in MillionsThe activist firm Elliott
Management urged the oil
company to split into three
units: refining, pipelines,
andSpeedway-brandedgas
stations. Elliott owns 2.5%.
MICRON TECHNOLOGY
MU (NASD)•43.21•-5.95
41.043.546.0MTWTF48.551.0283338434853Stock Price $0150SO N D J F M A M J J AS300Volume in MillionsSales fell 42% in the
memory-chipmaker’sAugust
quarter, yieldinga 49 cent a
share profit that was even
lower than expected. Its
marginoutlookwascautious.
NIO
NIO (NYSE)•1.75•-1.29
1.52.02.5MTWTF3.03.50.02.55.07.510.012.5Stock Price $0158SO N D J F M A M J J AS316Volume in MillionsThe Chinese electric-car
makercancelleditsquarterly
callasitannouncedalossof
nearly half a billion dollars.
A product recall left gross
margins in the red.
ENANTA PHARMACEUTICALS
ENTA(NASD)•60.28•-11.46
57.061.566.0MTWTF70.575.05566778899110Stock Price $02SO N D J F M A M J J AS4Volume in MillionsJ.P. Morgan lowered the
stock to Underweight, say-
ing clinical-trial results for
thecompany’sliver-disease
treatment had been good,
but not best-in-class.
CARNIVAL
CCL (NYSE)•43.58•-4.64
424446MTWTF485041.046.552.057.563.068.5Stock Price $021SO N D J F M A M J J AS42Volume in MillionsAnalyststrimmedratings
and price targets for the
cruiseoperatorafteritsaid
profits could suffer from
fuelcosts,currencyeffects,
and wary consumers.
ANGLOGOLD ASHANTI
AU (NYSE)•19.05•-1.17
181920MTWTF212261014182226Stock Price $034SO N D J F M A M J J AS68Volume in MillionsUnexpectedly weak U.S.
economicnumbersonFriday
dampened demand for
inflation hedges like gold—
reversing recent gains by
miners like AngloGold.
OVERSTOCK.COM
OSTK (NASD)•11.23•-3.74
9.010.512.0MTWTF13.515.071523313947Stock Price $027SO N D J F M A M J J AS54Volume in MillionsThe e-tailer’s financial
chief resigned, as it warned
thatitwouldonlybreakeven
in the September quarter—
blamingtariffs,freightcosts,
and frugal consumers.
BEYOND MEAT
BYND (NASD)•151.66•-3.60
129138147MTWTF15616504998147196245Stock Price $041SO N D J F M A M J J AS82Volume in MillionsMcDo nald’ssaiditwilltry
selling burgers supplied by
the alternative-meat pro-
ducer, in a Canadian test
market. But Costco teamed
up with a Beyond Meat ri-
val.
SMART GLOBAL HOLDINGS
SGH (NASD)•24.98•-7.13
23.025.528.0MTWTF30.533.015.019.524.028.533.037.5Stock Price $07SO N D J F M A M J J AS14Volume in MillionsAfter a short seller said
insidershadengagedinself-
dealing,thememorysupplier
calledthechargeserroneous
andunfounded—promisinga
rebuttal on Oct. 3.
SYNNEX
SNX (NYSE)•112.51•14.58
94100106MTWTF11211869798999109119Stock Price $05SO N D J F M A M J J AS10Volume in Millions