M2 BARRON’S September 16, 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 September 13, 2019nEdited by Bill Alpert
PROGRESSIVE
PGR (NYSE)•72.68•-4.71
70.5
72.5
74.5
MTWTF
76.5
78.5
56
62
68
74
80
86
Stock Price $
0
13
S O N D J F M A M J J AS
26
Volume in Millions
Amid anxiety about
Hurricane Dorian’s dam-
age, the casualty insurer
reported lower earnings
and a higher loss ratio for
the month of August.
ZSCALER
ZS (NASD)•47.48•-16.57
45.5
50.5
55.5
MTWTF
60.5
65.5
19.0
33.5
48.0
62.5
77.0
91.5
Stock Price $
0
26
S O N D J F M A M J J AS
52
Volume in Millions
Analysts chopped their
price targets for the cyber-
securityfirm’shighlyvalued
stock,afteritsaidthatdeals
weretakinglongertoclose.
Sales growth could slow.
WENDY'S
WEN (NASD)•19.42•-2.96
19
20
21
MTWTF
22
23
14
16
18
20
22
24
Stock Price $
0
21
S O N D J F M A M J J AS
42
Volume in Millions
Aplantoservebreakfast
next year will require
20,000 new workers, said
thefastfoodchain.Instead
of growing, its earnings in
2019 will fall 3.5%-to-6.5%.
BROADCOM
AVGO (NASD)•290.32•-1.59
281
287
293
MTWTF
299
305
206
230
254
278
302
326
Stock Price $
0
18
S O N D J F M A M J J AS
36
Volume in Millions
July-quarter sales and
profits rose 9% at the chip
maker.Itsaidweakdemand
for its products had “bot-
tomedout,”butwarnedthat
aturnaroundwasn’tinsight.
FRANCESCA'S HOLDINGS
FRAN (NASD)•18.14•13.28
3.0
7.5
12.0
MTWTF
16.5
21.0
1
16
31
46
61
76
Stock Price $
0
21
S O N D J F M A M J J AS
42
Volume in Millions
The struggling retailer
said July-quarter profits
rose to 61 cents a share,
fromtheyear-ago16cents—
despite a 6% drop in sales
on deeper markdowns.
AMERICAN RENAL ASSOCIATES HOLDINGS
ARA(NYSE)•9.81•2.01
7
9
11
MTWTF
13
15
5
9
13
17
21
25
Stock Price $
0
3
S O N D J F M A M J J AS
6
Volume in Millions
The dialysis company re-
gained compliance with
NYSElistingrequirements,
afterrestatingfouryearsof
earnings to fix errors that
prompted an SEC inquiry.
MONGODB
MDB (NASD)•123.29•-17.34
119
125
131
MTWTF
137
143
40
70
100
130
160
190
Stock Price $
0
9
S O N D J F M A M J J AS
18
Volume in Millions
The highflying stocks of
software firms like Mongo-
DB began losing favor
among investors, in a shift
towardvalue.Twilio,Okta,
and Trade Desk sank, too.
EXACT SCIENCES
EXAS (NASD)•106.71•-14.15
99
105
111
MTWTF
117
123
51
66
81
96
111
126
Stock Price $
0
13
S O N D J F M A M J J AS
26
Volume in Millions
Investors were skeptical
of a $2.8 billion deal in
whichthevendorofcolorec-
talcancertestswillacquire
alineofbreastcancerdiag-
nostics, for cash and stock.
ADVERUM BIOTECHNOLOGIES
ADVM (NASD)•5.78•-6.34
3.0
5.5
8.0
MTWTF
10.5
13.0
2
5
8
11
14
17
Stock Price $
0
22
S O N D J F M A M J J AS
44
Volume in Millions
Analysts were disap-
pointedbythemixedresults
of a clinical trial of the com-
pany’streatmentfortheeye
diseaseknownaswetage-re-
lated macular degeneration.
AURORA CANNABIS
ACB (NYSE)•5.95•-0.13
5.5
5.8
6.1
MTWTF
6.4
6.7
3
5
7
9
11
13
Stock Price $
0
165
S O N D J F M A M J J AS
330
Volume in Millions
Sellingmorepotthanany
legalproducerinhistory,the
Canadian firm nevertheless
missed revenue targets and
lostmoneyinitsJunequar-
ter. It expects flat demand.
ACADIA PHARMACEUTICALS
ACAD (NASD)•40.45•16.65
35.0
37.5
40.0
MTWTF
42.5
45.0
11
18
25
32
39
46
Stock Price $
0
20
S O N D J F M A M J J AS
40
Volume in Millions
An experimental drug
worked so well in treating
dementia-related psychosis
that Acadia is stopping its
Phase 3 trial early. It will
seek FDA approval in 2020.
TAILORED BRANDS
TLRD (NYSE)•5.10•-0.42
4
5
6
MTWTF
7
8
2.0
7.5
13.0
18.5
24.0
29.5
Stock Price $
0
22
S O N D J F M A M J J AS
44
Volume in Millions
TheownerofMen’sWear-
house and Jos. A. Bank
clothingstoressaidsalesfell
4%intheJulyquarter.This
quartercouldseea5%drop,
andhalftheexpectedprofits.