Alpha Pro Tech, Ltd. (NYSEMKT:APT) was negatively impacted by the reports from the World Health Organization, which indicated that new Ebola cases were slowing down in the hardest-hit areas. The organization noted that new cases had been flat at almost 1,000 per week in the last three to four weeks. Investors speculated that sales of the infection protective suits manufactured by APT would decline as new Ebola infection cases drop.
However, WHO also warned that the virus was spreading to a wider geographical area, especially in the large cities in West Africa. As such, the organization said that new infections could reach 10,000 per week in the next two months if urgent measures were not taken to curb the spread of the deadly virus.
Alpha Pro Tech, Ltd. (NYSEMKT:APT) makes and ships protective materials that include face masks for infection control in the healthcare and industrial settings.
Lakeland Industries, Inc. (NASDAQ:LAKE) was another Ebola stock that plunged as fresh details about the spread of the Ebola virus emerged. The World Health Organization (WHO) said that new Ebola infections were slowing down. It said new cases in the last four weeks had been flat at 1,000 per week. However, the new dead statistics from Ebola infections were reported as 4,447, up from the earlier reports that quoted about 3,000 resultant deaths.
Lakeland Industries, Inc. (NASDAQ:LAKE) is a provider of hazmat suits that have been widely used in Ebola-prone environments to control infections. A decline in new Ebola cases signals a possible drop in the demand for the protective garments.
Lakeland Industries, Inc. (NASDAQ:LAKE) gained more than 212% in the last 30 days as Ebola caused havoc in West Africa while authorities and non-profit organizations stepped up efforts to help the situation.
A top-ranking officer recently reduced exposure to the equity of the energy holding company, The Southern Company (NYSE:SO). The company’s CEO, G Edison Holland, sold 26,260 shares of SO at an average price of $47 apiece and ended up fetching $1,234,220 in proceeds. The insider selling happened at a time when shares of SO have gained more than 14% so far this year. Following the latest selling, the CEO still retained 18,424 shares, according to SEC filing.