Diamonds and Dogs
11/23/12
Dreamworks Animation Inc. (DWA)Dreamworks Animation is going to be giving investors nightmares after today, down 3.84% at $18.05. The movie maker saw shares decline after analysts stated that their latest movie, Rise of the Guardians, had lower than expected opening day sales. Analysts now think that the five day box office sales will be around $31 million, which is significantly lower than previous expectations. The problem with the opening seems to come from the stiff competition in the box office. Some notable movies that could compete with Rise of the Guardians sales are, Wreck it Ralph, Twilight, the new James Bond movie, and Flight. Dreamworks is still above its 52-week low of $16.35.
Molycorp Inc. (MCP)
Molycorp Inc. is skyrocketing today, up 19.32% at $8.62. The rare earth oxide company saw shares pop after executives including the CEO purchased shares. John Ashburn, an executive vice president and the company's general counsel, bought 10,000 shares. Charles Henry, a director, purchased 45,192 shares, and Chief Executive Officer, Mark Smith purchased 20,000 shares at $6.20. Molycorp had been trading at its lowest levels since its 2010 initial public offering. However, today the company is one of the largest gainers and bounced well off of its 52-week low.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.