Home / Eco-Finance / Active Broker’s Choice: Gastar Exploration (NYSEMKT:GST), LendingClub Corporation (NYSE:LC), CytRx (NASDAQ:CYTR)

Active Broker’s Choice: Gastar Exploration (NYSEMKT:GST), LendingClub Corporation (NYSE:LC), CytRx (NASDAQ:CYTR)

Gastar Exploration Inc. (NYSEMKT:GST) [Trend Analysis] released on Wednesday that it aims to offer, subject to market and other conditions, 40 million shares of its common stock, par value $0.001 a share, in a public offering pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.

In connection with the offering, Gastar intends to grant the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of common stock. Gastar intends to use the net proceeds from the offering for general corporate purposes, including funding an expanded drilling program on its STACK Play acreage in Oklahoma. Seaport Global Securities LLC and Johnson Rice & Company L.L.C. are acting as joint book-running managers for the offering.

Shares of Gastar Exploration Inc. (NYSEMKT:GST) runs in leading trade, it moving down -2.19% to traded at $1.00. The firm has price volatility of 18.28% for a week and 11.35% for a month. Its beta stands at 3.20 times. Narrow down four to firm performance, its weekly performance was -50.36% and monthly performance was -29.24%. The stock price of GST is moving down from its 20 days moving average with -36.69% and isolated negatively from 50 days moving average with -22.22%.

Several matter pinch shares of LendingClub Corporation (NYSE:LC) [Trend Analysis], as shares plunging -0.49% to $4.08 with a share volume of 52.75 Million. Ryan & Maniskas, LLP has commenced an investigation into potential securities law violations by certain officers of LendingClub Corporation (LC). The investigation concerns whether LendingClub and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On May 9, 2016, The Wall Street Journal reported that Renaud Laplanche, LendingClub’s founder and Chief Executive Officer, had “resigned Monday following a board investigation into what it called improper practices in the lending process.” The article further reported that “the board review found that the Company sold an investor $22 million in loans whose characteristics violated the investor’s ‘express instructions.'” Three other senior managers were also terminated or resigned over the incident.

The stock is going forward its 52-week low with 2.51% and moving down from its 52-week high price with -79.06%. The float short ratio was 18.53%, as compared to sentiment indicator; Short Ratio was 6.89.

CytRx Corporation (NASDAQ:CYTR) [Trend Analysis] released that financial results for three months ended March 31, 2016, and provided an overview of recent accomplishments and upcoming milestones for its research and development programs. CytRx reported cash, cash equivalents and short term investments of $68.2 million as of March 31, 2016.

The net loss for the quarter ended March 31, 2016 was $12.6 million, or $0.19 per share, compared with a net loss of $17.5 million, or $0.31 per share, for the quarter ended March 31, 2015. During the first quarter of 2016, CytRx recognized a non-cash loss on warrant derivative liability of $0.2 million, compared to a non-cash loss of $1.9 million for the three-month period ended March 31, 2015. The Company did not recognize revenues for the first quarters of 2016 or 2015.

CytRx Corporation (NASDAQ:CYTR) luring active investment momentum, shares a decrease -13.57% to $2.42. The total volume of 1.56 Million shares held in the session was surprisingly higher than its average volume of 832.05 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -74.90%, and looking further price to next year’s EPS is 40.20%.

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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