Trader`s Favorite Stocks (ABK, ARTC, ANPI)

Ambac Financial Group, Inc. (NYSE:ABK) slumped 49.99% to $0.413 after it made its fresh 52-week low of $0.33. The company in a regulatory filing said its board has decided not to make a regularly scheduled interest payment on notes due in 2023. If the interest is not paid within 30 days of the scheduled interest payment date of Nov. 1, an event of default will occur under the indenture for the notes, Ambac said. The stock went plunged more than 50% year-to-date. ArthroCare Corporation (NASDAQ:ARTC) dropped 1.80% to $26.79. Last week, the company announced that it has received clearance from the U.S. Food and Drug Administration (FDA) for its Spartan PEEK Suture Implant system (Spartan). The 52-week range of the stock is $18-$32.60. The stock went up more than 329% year-to-date. As of now, the market capitalization of the company stands at $723.55 million. Angiotech Pharmaceuticals, Inc. (USA) (NASDAQ:ANPI) plunged 42.80% to $0.290. The Vancouver drug and medical-device maker agreed to a recapitalization with its debtholders The Company entered into confidentiality, non-disclosure and non-use agreements with certain beneficial holders in order to facilitate discussion of a possible recapitalization transaction. At current market price, the market capitalization of the company stands at $24.70 million. The stock made its fresh 52-week low of $0.26.
tdp2664
Epic Stock Picks