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.
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.