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Biggest NYSE Movers for June 11, 2012
The market is off to a rough start. After this morning's trading, the Nasdaq is trading down 0.2%, the S&P 500 has declined 0.3% and the Dow has slipped 0.4%. Today, more than half of all NYSE trades are conducted electronically, although floor traders are still used to set pricing and deal in high volume institutional trading.
The biggest movers traded on the NYSE so far are:
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Shares of Centene (NYSE:CNC) are currently trading at $26.48, a steep decline of 25.3%. So far today, 7.3 million shares have changed hands. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. The P/E ratio for CNC is 16.8, above the industry average of 10.46. Generally speaking, the higher the P/E ratio, the higher the market expectations for a company's future performance. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
Falling 6.9%, WellCare Health Plans (NYSE:WCG) is currently at a share price of $53.12. The company's volume for the day so far is 1.2 million share, 1.5 times the current three-month average. Volume indicates the level of interest that investors have in a company at its current price. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. The price/earnings to growth (PEG) ratio is calculated by dividing the price/earnings ratio by growth in earnings-per-share; the lower the PEG ratio, the more reasonably valued the security. WCG has a PEG ratio of 0.56, which is consistent with the industry average. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
AMERIGROUP (NYSE:AGP) is currently trading at a share price of $58.64, a 6.2% decline. So far today, 1.6 million shares of the company's stock have changed hands. This is more trading activity than there was yesterday. The trading volume for a stock indicates the level of investor interest. Valuation ratios allow the investor to make a quick determination as to a company's investment value. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. AGP's P/B ratio of 2.13 shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. Users need to be careful when applying this ratio though, as it is more useful for industrial companies that have a lot of tangible assets than it is for technology or consumer product companies that may not have much in the way of hard assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies
At $183.12, Grainger (NYSE:GWW) has slipped 3.6%. At 541,655 shares, the company's volume so far today is 0.6 times the average daily volume. If a stock price moves on high volume, this means that the change is a significant one. Calculating the profit margin is a great way to gain insight into aspects of how well a company generates and retains money. Instead of measuring how much managers earn from assets, equity or invested capital, profit-margin ratios measure how far a company stretches its total revenue or total sales. GWW has a gross profit margin of 45.4%. As with other margin ratios, the operating margin is a percentage, which allows for more standardized comparison across time and among different companies of different sizes. GWW's operating profit margin is 13.9%. Because the business models of companies vary so widely, it can be difficult to compare net profit margin ratios for companies in different industries. The company has a net profit margin of 8.2%.
When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. The debt-equity (D/E) ratio is a measurement of how much suppliers, lenders, creditors and obligors have committed to the company versus what the shareholders have committed. GWW has a debt-equity ratio of 18%, which is on the low side. This shows that the company's assets are financed primarily through equity. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
Increasing 3.5%, Blyth (NYSE:BTH) is trading at $73.70 per share. The company is currently trading a volume of 35,189 shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Margin ratios highlight companies that are worth further examination. The gross profit margin for BTH is 64.2%. Compared with its gross profit margin, BTH's operating profit margin of 6.9% and net profit margin of 1.3% are high.
Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. The price/sales ratio measures a company's stock market value by its total revenues or alternatively, a company's price per share by its revenue per share. BTH has a P/S ratio of 0.93, on the low end. Low P/S ratios can indicate unrecognized value potential - so long as other criteria like high profit margins, low debt levels and growth prospects are in place. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Progress (NYSE:PGN) has increased to a share price of $60.02, a 3.3% rise. At 6.2 million shares, the company's volume so far today is 3.6 times the average volume over the last three months. Volume is used to evaluate how meaningful the price movement of a stock is. Profit-margin ratios measure how much money a company squeezes from its total revenue or total sales. Investors can look at a company's gross profit margin, operating profit margin and net margin to understand a company's profitability. PGN has a gross profit margin of 41.8%. Operating margin is determined by taking operating income (income minus variable expenses) and dividing it by sales. With an operating profit margin of 17.4%, PGN has a low one relative to its gross profit margin. Net profit margins are those generated from all phases of a business, including taxes. The company's net profit margin is 6.2%.
While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The debt ratio is calculated by dividing total liabilities by total assets. PGN's debt ratio of 72.2% is fairly high. This means that the company's cash flow is significantly impacted by paying off principal and interest and that any negative change in performance or rise in interest rates could result in default. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
Currently trading at $89.58 per share, Concho Resources (NYSE:CXO) has fallen 2.9%. The company's volume is currently 287,792 shares. Yesterday, 822,501 shares changed hands. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. Margin analysis tells us how effectively management can wring profits from sales and how much room a company has to withstand a downturn, fend off competition and make mistakes. CXO has a relatively high gross profit margin of 81.3%. A high gross profit margin generally means that the company can make a reasonable profit on sales, provided that overhead costs do not increase. CXO's operating margin of 17.2% and net margin of 28.4% are high relative to its gross margin.
A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. CXO's capitalization ratio is 43%. The capitalization ratio is one of the more meaningful debt ratios because it focuses on the relationship of debt liabilities as a component of a company's total capital base, which is the capital raised by shareholders and lenders.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The biggest movers traded on the NYSE so far are:
| Company | Market Cap | Percentage Change |
| Centene Corp (NYSE:CNC) | $1.83 billion | -25.3% |
| WellCare Health Plans, Inc. (NYSE:WCG) | $2.46 billion | -6.9% |
| AMERIGROUP Corporation (NYSE:AGP) | $3.03 billion | -6.2% |
| WW Grainger (NYSE:GWW) | $13.33 billion | -3.6% |
| Blyth, Inc. (NYSE:BTH) | $613.4 million | +3.5% |
| Progress Energy (NYSE:PGN) | $17.21 billion | +3.3% |
| Concho Resources Inc. (NYSE:CXO) | $9.6 billion | -2.9% |
Shares of Centene (NYSE:CNC) are currently trading at $26.48, a steep decline of 25.3%. So far today, 7.3 million shares have changed hands. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. The P/E ratio for CNC is 16.8, above the industry average of 10.46. Generally speaking, the higher the P/E ratio, the higher the market expectations for a company's future performance. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Understanding The P/E Ratio
Falling 6.9%, WellCare Health Plans (NYSE:WCG) is currently at a share price of $53.12. The company's volume for the day so far is 1.2 million share, 1.5 times the current three-month average. Volume indicates the level of interest that investors have in a company at its current price. Investment valuation ratios provide investors with an estimation, albeit a simplistic one, of the value of a stock. The price/earnings to growth (PEG) ratio is calculated by dividing the price/earnings ratio by growth in earnings-per-share; the lower the PEG ratio, the more reasonably valued the security. WCG has a PEG ratio of 0.56, which is consistent with the industry average. While P/E ratios are important indicators of market value, a high P/E in and of itself is not bad because it may indicate a company whose earnings are growing very rapidly, so many investors look at the PEG ratio in order to get an idea of whether or not a particular P/E ratio is justified by underlying earnings growth.
AMERIGROUP (NYSE:AGP) is currently trading at a share price of $58.64, a 6.2% decline. So far today, 1.6 million shares of the company's stock have changed hands. This is more trading activity than there was yesterday. The trading volume for a stock indicates the level of investor interest. Valuation ratios allow the investor to make a quick determination as to a company's investment value. One of the favorite tools of many value investors is analyzing price/book value ratios, as it provides a measure of the underlying value of a company's assets as compared to the valuation of its equity. AGP's P/B ratio of 2.13 shows that its share price is higher than its book value. This high share price relative to asset value is likely to indicate that the company has been earning a very high return on its assets. Users need to be careful when applying this ratio though, as it is more useful for industrial companies that have a lot of tangible assets than it is for technology or consumer product companies that may not have much in the way of hard assets. SEE: Using The Price-To-Book Ratio To Evaluate Companies
At $183.12, Grainger (NYSE:GWW) has slipped 3.6%. At 541,655 shares, the company's volume so far today is 0.6 times the average daily volume. If a stock price moves on high volume, this means that the change is a significant one. Calculating the profit margin is a great way to gain insight into aspects of how well a company generates and retains money. Instead of measuring how much managers earn from assets, equity or invested capital, profit-margin ratios measure how far a company stretches its total revenue or total sales. GWW has a gross profit margin of 45.4%. As with other margin ratios, the operating margin is a percentage, which allows for more standardized comparison across time and among different companies of different sizes. GWW's operating profit margin is 13.9%. Because the business models of companies vary so widely, it can be difficult to compare net profit margin ratios for companies in different industries. The company has a net profit margin of 8.2%.
Increasing 3.5%, Blyth (NYSE:BTH) is trading at $73.70 per share. The company is currently trading a volume of 35,189 shares. In technical analysis, trading volume is used to determine the strength of a market indicator. Margin ratios highlight companies that are worth further examination. The gross profit margin for BTH is 64.2%. Compared with its gross profit margin, BTH's operating profit margin of 6.9% and net profit margin of 1.3% are high.
Investment valuation ratios can be very useful in determining the value of a stock, but it is very important to keep in mind that while some financial ratios have general rules (or a broad application), in most instances it is a prudent practice to look at a company's historical performance and use peer company/industry comparisons to put any given company's ratio in perspective. The price/sales ratio measures a company's stock market value by its total revenues or alternatively, a company's price per share by its revenue per share. BTH has a P/S ratio of 0.93, on the low end. Low P/S ratios can indicate unrecognized value potential - so long as other criteria like high profit margins, low debt levels and growth prospects are in place. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Progress (NYSE:PGN) has increased to a share price of $60.02, a 3.3% rise. At 6.2 million shares, the company's volume so far today is 3.6 times the average volume over the last three months. Volume is used to evaluate how meaningful the price movement of a stock is. Profit-margin ratios measure how much money a company squeezes from its total revenue or total sales. Investors can look at a company's gross profit margin, operating profit margin and net margin to understand a company's profitability. PGN has a gross profit margin of 41.8%. Operating margin is determined by taking operating income (income minus variable expenses) and dividing it by sales. With an operating profit margin of 17.4%, PGN has a low one relative to its gross profit margin. Net profit margins are those generated from all phases of a business, including taxes. The company's net profit margin is 6.2%.
While investment valuation ratios are useful tools in estimating the attractiveness of an investment, remember that it is important to look at a company's historical performance and compare the company ratios with its competitors and industry overall. The debt ratio is calculated by dividing total liabilities by total assets. PGN's debt ratio of 72.2% is fairly high. This means that the company's cash flow is significantly impacted by paying off principal and interest and that any negative change in performance or rise in interest rates could result in default. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
Currently trading at $89.58 per share, Concho Resources (NYSE:CXO) has fallen 2.9%. The company's volume is currently 287,792 shares. Yesterday, 822,501 shares changed hands. When a stock price moves up or down, watching the volume is a good way of identifying how significant that shift is. Margin analysis tells us how effectively management can wring profits from sales and how much room a company has to withstand a downturn, fend off competition and make mistakes. CXO has a relatively high gross profit margin of 81.3%. A high gross profit margin generally means that the company can make a reasonable profit on sales, provided that overhead costs do not increase. CXO's operating margin of 17.2% and net margin of 28.4% are high relative to its gross margin.
A company's value as an investment is more easily estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The capitalization ratio measures the debt component of the capital structure, or capitalization of a company (i.e., the sum of long-term debt liabilities and shareholder equity) to support operations and growth. CXO's capitalization ratio is 43%. The capitalization ratio is one of the more meaningful debt ratios because it focuses on the relationship of debt liabilities as a component of a company's total capital base, which is the capital raised by shareholders and lenders.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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