Barron\'s - 16.09.2019

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.