Diamonds and Dogs
10/13/14Lakeland Industries Inc. (LAKE)
Lakeland Industries is on a tear today, up 43.73% to $29.00. The safety garment and accessory company saw its shares explode after the continued scare over Ebola has sparked the sales of hazmat suits. The nurse who contracted Ebola from Thomas Duncan in Dallas was wearing a hazmat suit but a "breach in protocol" caused here to come in contact with the virus. The continued scares of Ebola help shares of Lakeland climb nearly $9.50 a shares and hit a new 52-week high of $29.40 intraday.
Goodrich Petroleum Corp. (GDP)
Goodrich Petroleum is plummeting today, down 29.36% to $7.65. The oil and natural gas company saw it shares fall as global oil prices continue to decline. Brent crude oil dropped to an almost four-year low of $87.74 a barrel. U.S. light crude oil fell 93 cents to $84.76, near its two-year low. The prices slumped amid concerns about slowing global economic growth and reports that major oil producers want to maintain their current output levels. Shares of Goodrich fell over $3.00 to a new 52-week low of $7.62 intraday.