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NYSE's Biggest Movers, Including DV, for July 24, 2012
This morning has been rocky for the market. The Nasdaq has declined 0.2%; the S&P 500 has decreased 0.5%; and the Dow is down 0.6%. Also known as the "Big Board", the NYSE relied for many years on floor trading only, using the open outcry system.
The biggest movers traded on the NYSE so far are:
Forex Broker Summary: UFXMarkets
DeVry (NYSE:DV) is at a share price of $20.81 after a sharp decline of 24.5%. So far this morning, 6.2 million shares have changed hands. This is 10.3 times its average daily volume. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. DV's P/B ratio of 0.98 indicates that its share price is lower than its book value. This could mean that either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. P/B value ratios are particularly useful to value investors, distressed or "vulture" investors, or any other investors purchasing beaten-down securities but are less useful to investors focused on growth stocks, purchasing IPOs, or investing in technology or other "asset-lite" companies. SEE: Investment Valuation Ratios: Price/Book Value Ratio
Under Armour (NYSE:UA) is trading at $54.88 per share, a significant rise of 13.4%. At 5.9 million shares, the company's volume so far today is 2.8 times its current three-month average. Volume is an important indicator because it indicates how significant a price shift is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. As with most ratios, comparisons of company price/earnings to growth ratios (PEG ratios) are most appropriate for similar companies. PEG ratio for UA is 2.34. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
CoreLogic (NYSE:CLGX) has soared 12.2% to reach a current price of $23.30 per share. This morning, the company is trading a volume of three million shares. Volume is used to evaluate how meaningful the price movement of a stock is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. The P/S ratio for CLGX is a high 1.23. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.
Ryder System (NYSE:R) has moved up 8.8% and is currently trading at $37.71 per share. The company's volume is currently 983,716 shares for the day,. If a stock price moves on high volume, this means that the change is a significant one. Valuation ratios include 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 debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. The debt ratio for R is 83.2%, which is relatively high. As such, the company is highly leveraged and not highly liquid. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Centene (NYSE:CNC) is currently trading at $37.24 per share, a 7.5% increase. The company's volume for the morning is 1.8 million shares. This is 1.5 times the average daily volume. If a stock price moves on high volume, this means that the change is a significant one. 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 capitalization ratio is calculated by dividing long-term debt by the sum of long-term debt and shareholders' equity. CNC's capitalization ratio is 26.2%, which is relatively low. Low leverage is a significant balance sheet strength, a sign of a less risky investment. A low level of debt and a healthy proportion of equity in a company's capital structure is an indication of financial fitness.
After an increase of 7.5%, Six Flags (NYSE:SIX) has reached a current price of $56.53. The company's volume is currently one million shares for the day, 4.2 times its average over the past three months. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. 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-equity (D/E) ratio is a leverage ratio. SIX's D/E ratio of 151% is on the high side. This shows that the company's assets are financed primarily through debt. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
Rising 6.9%, Celanese (NYSE:CE) is currently trading at $37.98 per share. The company is currently trading a volume of 1.5 million shares. If a stock price makes a big move up or down, volume lets us know the significance of that move. 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 price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). CE's P/E ratio of 8.8 falls below the industry average of 11.81. A low P/E might arise due to substantial inherent risk of the firm and its operations, poor return on equity, or improper valuation of the market. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
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 |
| DeVry Inc. (NYSE:DV) | $1.8 billion | -24.5% |
| Under Armour Inc (NYSE:UA) | $4.51 billion | +13.4% |
| CoreLogic Inc. (NYSE:CLGX) | $2.18 billion | +12.2% |
| Ryder System, Inc. (NYSE:R) | $1.78 billion | +8.8% |
| Centene Corp (NYSE:CNC) | $1.78 billion | +7.5% |
| Six Flags Entertainment Corp (NYSE:SIX) | $2.85 billion | +7.5% |
| Celanese Corporation (NYSE:CE) | $5.56 billion | +6.9% |
DeVry (NYSE:DV) is at a share price of $20.81 after a sharp decline of 24.5%. So far this morning, 6.2 million shares have changed hands. This is 10.3 times its average daily volume. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Investors can make use of valuation ratios to estimate whether a stock is fairly valued. The price/book value ratio, often expressed simply as "price-to-book", provides investors a way to compare the market value, or what they are paying for each share, to a conservative measure of the value of the firm. DV's P/B ratio of 0.98 indicates that its share price is lower than its book value. This could mean that either the market believes the asset value is overstated, or the company is earning a very poor (even negative) return on its assets. P/B value ratios are particularly useful to value investors, distressed or "vulture" investors, or any other investors purchasing beaten-down securities but are less useful to investors focused on growth stocks, purchasing IPOs, or investing in technology or other "asset-lite" companies. SEE: Investment Valuation Ratios: Price/Book Value Ratio
Under Armour (NYSE:UA) is trading at $54.88 per share, a significant rise of 13.4%. At 5.9 million shares, the company's volume so far today is 2.8 times its current three-month average. Volume is an important indicator because it indicates how significant a price shift is. Valuation ratios allow the investor to make a quick determination as to a company's investment value. As with most ratios, comparisons of company price/earnings to growth ratios (PEG ratios) are most appropriate for similar companies. PEG ratio for UA is 2.34. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
CoreLogic (NYSE:CLGX) has soared 12.2% to reach a current price of $23.30 per share. This morning, the company is trading a volume of three million shares. Volume is used to evaluate how meaningful the price movement of a stock is. Investment valuation ratios can be very useful in estimating whether a stock price is too high, reasonable or a bargain investment opportunity. In a nutshell, the price/sales ratio shows how much Wall Street values every dollar of the company's sales. The P/S ratio for CLGX is a high 1.23. In young companies, a high P/S ratio is a sign of sales growth that is expected to turn into earnings and cash flow. It is important to compare P/S ratios for companies in the same industry, as ratios can vary quite widely for companies in different industries.
Centene (NYSE:CNC) is currently trading at $37.24 per share, a 7.5% increase. The company's volume for the morning is 1.8 million shares. This is 1.5 times the average daily volume. If a stock price moves on high volume, this means that the change is a significant one. 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 capitalization ratio is calculated by dividing long-term debt by the sum of long-term debt and shareholders' equity. CNC's capitalization ratio is 26.2%, which is relatively low. Low leverage is a significant balance sheet strength, a sign of a less risky investment. A low level of debt and a healthy proportion of equity in a company's capital structure is an indication of financial fitness.
After an increase of 7.5%, Six Flags (NYSE:SIX) has reached a current price of $56.53. The company's volume is currently one million shares for the day, 4.2 times its average over the past three months. Volume is also used as a secondary indicator to help confirm what the price movement is suggesting. 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-equity (D/E) ratio is a leverage ratio. SIX's D/E ratio of 151% is on the high side. This shows that the company's assets are financed primarily through debt. The D/E ratio is not a pure measurement of a company's debt because it includes operational liabilities in total liabilities.
Rising 6.9%, Celanese (NYSE:CE) is currently trading at $37.98 per share. The company is currently trading a volume of 1.5 million shares. If a stock price makes a big move up or down, volume lets us know the significance of that move. 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 price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). CE's P/E ratio of 8.8 falls below the industry average of 11.81. A low P/E might arise due to substantial inherent risk of the firm and its operations, poor return on equity, or improper valuation of the market. To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
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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