This week’s eagle is building quite a comfortable nest for investors’ eggs.
Gulfport Energy Corp., an Oklahoma City oil and natural gas firm, took a slight tumble at the beginning of the year. But GPOR shares have been on the road to recovery ever since.
Last week, the stock rose 7.77 percent to close at $63.91. GPOR showed some upward momentum throughout the week, and gapped higher at the opening of Friday’s trading.
The shares are within hailing distance of their 52-week high.
While you don’t want to put all your eggs in one basket, this nest seems like a nice fit for a few.
Earnings don’t always drive stock prices, but it’s the smart way to bet.
Last week, our eagle reported decreased profits for its latest quarter. In response, shares of Broken Arrow-based ADDvantage Technologies Group slid about 8 percent. That comes on the heels of the previous week’s 11 percent decline.
The stock closed Friday at $2.70.
The cable TV equipment firm recently sold off part of its firm that managers said was outside the company’s core business.
But while sales and profits fell in a quarter that the CEO described as “disappointing,” AEY continues to book profits quarter after quarter.