The Dow Jones closed lower by over 70 points on Monday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
Trading in the U.S. index futures suggests stocks may start Tuesday’s session slightly higher, although the mood could be cautious ahead of some key economic data on the housing market, business activity and consumer confidence.
Cues From Monday’s Trading:
Civeo (NYSE: CVEO) reported quarterly losses of $(0.90) per share which missed the analyst consensus estimate of $(0.61) by 47.54 percent. This is a 255.17 percent decrease over earnings of $0.58 per share from the same period last year.
U.S. stock futures traded higher this morning. Here are some big stocks recording losses in today’s pre-market trading session.
AdaptHealth Corp (NASDAQ: AHCO) shares dipped 18.3% to $17.95 in pre-market trading after the company posted a loss for the fourth quarter.
U.S. stocks traded higher toward the end of trading, with the NASDAQ Composite gaining around 100 points on Monday.
The Dow traded up 0.40% to 32,949.23 while the NASDAQ rose 0.93% to 11,500.59. The S&P 500 also rose, gaining, 0.58% to 3,992.95.