Wall Street Brushes Off Upbeat Retail Data As Stocks Sink

Meanwhile, Pyxis Tankers Inc (Nasdaq: PXShas taken its place as one of the worst stocks on the Nasdaq, down 33.8% at $1.96 at last check. The company said earlier it regained compliance with the Nasdaq's minimum closing bid price rule, it was notified in early June of its noncompliance with the minimum bid price of $1. Pyxis Tankers also announced a $25 million private placement of its common stock and plans to use the proceeds for general corporate purposes. The equity has had an extremely volatile run on the charts this week, surging to a three-year high of $4.60 during yesterday's trading, before giving back most of those gains. Despite today's dip, PXS remains up over 130% this year. 

1 2
View single page >> |

Disclaimer: Schaeffer's Investment Research ("SIR" or "we" or "us") is not registered as an investment adviser. SIR relies upon the "publishers' ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.