Value of Flagstaff-based Basic Materials company Senestech Inc. (SNES:NAQ) fell 96.9% in week ending Aug. 6

Public Policy
Stock market 15 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Value in Basic Materials stocks fell 0.2 percent in the week ending Aug. 6 from the previous week.

The strongest performing Basic Materials company in Arizona was Senestech Inc. (SNES:NAQ), dropping 96.9 percent to sell at $0.673.

Reliance Steel & Aluminum Co. (RS:NYQ) fared the worst among Arizona companies, suffering a 100 percent drop to $181.29.

Among Flagstaff companies, Senestech Inc. (SNES:NAQ) saw the biggest fall in value of 96.9 percent in the week ending Aug. 6.

The Health Care sector was the week’s best-performing sector on the market. The market is divided into 10 different sectors.

Energy was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors in week ending Aug. 6

Sector% ChangeHighest Positive ChangeLargest Negative Change
Health Care4.4%143,143,607.6%-100.0%
Technology3.2%3,912,514.7%-100.0%
Telecommunications3%47,837,671.4%-100.0%
Consumer Staples2.2%229,976,977.4%-100.0%
Industrials1.8%57,490,217.1%-100.0%
Consumer Discretionary1.1%361,436,780.8%-100.0%
Utilities0.7%277,599,107.1%-100.0%
Basic Materials-0.2%454,078,502.6%-100.0%
Real Estate-1.6%395,619,934.5%-100.0%
Energy-2.1%1,279,724,767.7%-100.0%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS