Monday, January 11, 2016

StemCells (STEM) Forever a Penny Stock?

StemCells (STEM) has me thinking... once a penny stock, always a penny stock.

STEM closed last Friday (02016.01.08) at $0.38. 52-week range: $0.31 - $1.39.

Rewind to 02015.12.30... 247wallst.com: StemCells Inc. (NASDAQ: STEM) was reiterated as Buy and the price target was raised to $2.00 from $1.50 (versus a $0.45 close) at H.C. Wainwright. A week earlier on 02015.12.24... Barrons.com: StemCells Stock Could Reach $3. STEM ended 02015 at $0.42.

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