STOCKS TELEGRAPH

Category: Business

  • What Caused Greenpro (GRNQ) Stock To Fell Nearly 6%?

    What Caused Greenpro (GRNQ) Stock To Fell Nearly 6%?

    During after-hours trading hours on Monday, the share price of Greenpro Capital Corp. (GRNQ) fell by -5.38% to $0.88. A gain of 14.81% ended the regular trading session at $0.93 for GRNQ stock. The GRNQ stock price ranged between $0.8152 and $1.12.

    GRNQ stock traded 5.25 million shares, outpacing its daily average of 2.07 million shares over 100 days. The last five days have seen GRNQ shares rise by 6.90%, but in the last month, they fell by -31.62%. Investors took profits from gains garnered in regular trades in extended trades, causing GRNQ stock to fall after hours.

    Has GRNQ stock been going well lately?

    Greenpro is a Nevada corporation based in Kuala Lumpur with strategic offices across Asia. The GRNQ Business Incubator has diversified its portfolio of businesses in the areas of fintech, technology, banking, cryptocurrency, health and wellness, and fine art. In addition to trust and wealth management, GRNQ stock provides a comprehensive range of cross-border business solutions, including listing advisory services, record management services, transaction services, tax advisory services, and accounting outsourcing services. In addition, GRNQ’s venture capital division provides financial services, technology, and FinTech consulting, as well as health and wellness services to start-ups as well as high growth firms.

    As of this month, Greenpro has committed up to $5 million in funding for STO (Security Token Offering) projects on CryptoSX Digital Asset Exchange (CryptoSX).

    • Through its partnership with CryptoSX, GRNQ will drive transformational investments and create world-class blockchain companies.
    • As of now, GRNQ stock has already identified several investment opportunities in energy storage, health, and defi lending.
    • GRNQ will increase shareholders value by investing in pre-STO projects that are best in class, rather than waiting for its portfolio companies to achieve their IPO events. IPOs for smaller companies are commonly very expensive and lengthy.
    • CryptoSX, in the Philippines, is a fully licensed and regulated exchange under CEZA that has already listed 6 security token offerings (STOs) since the start of 2019.
    • Additionally, CryptoSX is working on nine other STO projects for secondary trading and primary listing in the second half of 2021.

    GRNQ’s investment strategy:

    Through sophisticated capital deployment, GRNQ stock has already demonstrated its ability to transform markets by empowering bright and experienced entrepreneurs with its investments including World Championship Air Race (June 2021), Angkasa-X LEO Satellite Company (May 2021), South East Asia Technology Ventures (January 2021) and Global Leaders Corporation (May 2021).

    GRNQ’s potential and plans:

    Furthermore, Greenpro (GRNQ) plans to set up its Bitcoin Fund by December 2021. GRNQ helps daring entrepreneurs build legendary companies from the very first idea through IPO and beyond. GRNQ’s strategy keeps evolving to facilitate the advancement of the human race by harnessing emerging technologies which also generate compound returns for its stakeholders.

  • What Is Driving The Staffing 360 (STAF) Stock Higher In Early Trades?

    What Is Driving The Staffing 360 (STAF) Stock Higher In Early Trades?

    As of the last check, shares of Staffing 360 Solutions Inc. (STAF) were up 4.30% on the charts to trade at $2.91. STAF stock was up 18.28% in the premarket trades to $3.30 today. Staffing 360 Solutions stock fell -9.12% on Friday to close at $2.79. Staffing 360 Solutions stock traded at a volume of 1.82 million, which was lower than the average volume of 3.05 million over the last three months. The STAF stock fluctuated between $2.72 and $3.03 during the trading session. STAF stock has been surging since receiving full forgiveness of its PPP loans.

    How much forgiveness has STAF Stock?

    Through the acquisition of domestic and international staffing agencies in the United States and the United Kingdom, Staffing 360 Solutions is executing an international buy-integrate-build strategy. Staffing 360 Solutions believes the staffing industry offers opportunities for acquisitions accretive to its bottom line, and has targeted the areas of finance and accounting, administrative, engineering, information technology, and light industrial staffing for integration as part of its targeted consolidation model.

    On Thursday, August 12, 2021, Staffing 360 Solutions will host a conference call to present its fiscal second quarter and six-month financial results, announced the company in a press release today.

    • The call is scheduled to begin at 9:00 am Eastern Time.
    • During the conference call, STAF will discuss financial results, the COVID-19 environment, and recent positive developments.
    • Following the market close on August 11, 2021, Staffing 360 Solutions will issue related press releases.

    Management will discuss the following during the call:

    • The Small Business Administration (SBA) recently fully forgiven STAF’s 19.4 million Paycheck Protection Program (PPP) loans.
    • As of the past twelve months, Staffing 360 Solutions’ debt has been reduced by 70.4% resulted in a materially improved balance sheet.
    • In addition to the 70.4% debt reduction obtained by STAF, $2,080,000 was also released as part of the redemption feature.
    • Approximately $5.0 million paid on July 23, 2021 towards the outstanding note due September 30, 2022, as well as featured amount held in escrow since STAF’s FirstPRO sale to redeem Series G Preferred, was released.
    • Jackson Investment Group (JIG) has a conversion feature on the Series G that allows it to convert all of its outstanding Series G and G-1 shares back into 12% notes, meaning that approximately $5.7 million should be converted back into series G notes.
    • Management expects this conversion to take place soon.
    • In addition, STAF will discuss revenue and gross profit growth over the past year.

    Participating in the conference call:

    The call will begin at 9:00 am ET on August 12, 2021, so participants will need to dial in five minutes previously. Interested parties can also follow STAF’s call on-line by visiting http://public.viavid.com/index.php using ID 145866. A recording of this call will be made available on the Staffing 360 Solutions (STAF) website for 90 days. The STAF call replay can be accessed by dialing 844-512-2921 between August 12, 2021, and August 15, 2021, at 11:59 p.m. ET.

  • How Has The Versarien (VRSRF) Stock Plummeted 8% In The Last Session?

    How Has The Versarien (VRSRF) Stock Plummeted 8% In The Last Session?

    On Wednesday, stock of the advanced materials engineering group, Versarien Plc (OTCPink: VRSRF) closed down -8.26 percent at $0.5330, trading in a day range of $0.5330 to $0.5750.

    Versarien stock has surged over 4.51% in the last month; with an average volume for the month over 10.74K shares. Since VRSRF stock was down-trending despite no current news, recent developments might reveal more about the VRSRF.

    Have there been any recent developments at VRSRF?

    Versarien is a leading engineering materials company that provides solutions in a variety of industry sectors in North America, Europe, and the United Kingdom. There are two segments within VRSRF, Graphene and Plastic Products and Hard Wear and Metallic Products.

    In recent news, Versarien announced agreements with Graphene Lab Co Ltd, a South Korean company specializing in chemical vapor deposition (“CVD”) graphemes.

    • VRSRF and Graphene Lab have signed agreements to advance their proposed activities in Korea. These agreements include sensors, OLEDs, and transparent flexible touch panels.
    • As announced on 22 December 2020, VRSRF acquired certain graphene production assets and intellectual property from South Korean-based Hanwha Aerospace Co Ltd.
    • VRSRF also received a strategic investment of £1.93 million from Graphene Lab.
    • VRSRF has subscribed for 4,280,000 new ordinary shares at a price of 45 pence per share to make the investment.
    • A 12-month lock-in period will apply to the Subscription Shares, which are equal to 2.2% of the enlarged share capital of VRSRF.

    The Agreement further states that:

    Graphene Lab has entered into the Agreement with Versarien Korea Ltd (“Versarien Korea”), Versarien (VRSRF)’s wholly-owned subsidiary based in South Korea. In the Agreement, VRSRF and Graphene Lab declare that they will cooperate in South Korea on a number of matters. VRSRF will have in issue 194,149,790 ordinary shares of 1 pence each as a result of the issue of Subscription Shares.

  • Watch these Stocks Today: US Futures Pointing A Slightly higher Open

    Watch these Stocks Today: US Futures Pointing A Slightly higher Open

    Stocks posted losses yesterday after several prominent companies reported slower-than-expected earnings figures. The NASDAQ was the biggest loser with 1.2% declines, while the DJIA and S&P 500 suffered only fractional losses.
    This morning, US futures are pointing to a slightly higher open, Fed Chairman Jerome Powell is set to speak today, and his comments could have a major impact on today’s trading action.
    Today’s featured earnings docket includes pre-bell reports from Shopify (SHOP), Boeing (BA),  General Electric (GE), and General Motors (GM). After the close, we have Paypal (PYPL), Facebook (FB), and Qualcomm (QCOM).
    These stocks are making big moves this morning in pre market.
    Socket Mobile Inc. (SCKT) 
    Socket Mobile announced the launch of a new product this morning, the DuraScan D755 medical-grade universal scanner. The product is specially built to stand up to the challenges of a healthcare environment, and Socket says it’s the perfect option for busy hospitals.
    SCKT is rallying on news of the product launch. It’s currently up 31.6%.
    On Deck Capital (ONDK) 
    Late yesterday, On Deck announced that it had entered into a deal to be acquired by Enova to create a “leading fintech serving consumers and small businesses.” The cash and stock deal is valued at approximately $90 million or $1.38 per share.
    On Deck rallied sharply once the merger news hit the wires. It’s currently up 48.2%.
    General Electric (GE) 
    GE is trading actively in the pre-market thanks to an upbeat Q2 earnings report. The firm reported a wider than expected loss for the quarter, but revenues came in ahead of consensus estimates. Investors seem to be most excited about the company’s claim that it expects to be cash flow positive by next year.
    GE is one of the most active S&P 500 stocks this morning and it’s currently up 2.0%.
    Advanced Micro (AMD)

    AMD reported it’s Q2 earnings today and the results came in well ahead of expectations. The company outpaced expectations for both earnings and revenue growth, and it also reported record sales of notebooks and server processors. AMD also raised its full-year outlook for the year, citing continued strength in the PC and data center markets.
    AMD is taking off in the pre-market after releasing that home run earnings report. It’s currently of the morning’s most active stocks and it’s up 10.75%.

  • 6 Apparel Manufacturing industry stocks making moves in July

    6 Apparel Manufacturing industry stocks making moves in July

    The Coronavirus crisis has hit the apparel industry hard. Less consumer demand, Less discretionary spending, and online orders resulting in stores remaining closed continue to take their toll on the apparel manufactures.

    Apparel Manufacturing industry has decline over -39.60% year to date and over 3.97% in last three months. Last month was especially good with 10.78% in green with average volume of 54.20M.

    But for April 2020 retail spending plunged to a record 16.4%, according to data from the U.S. Census Bureau. Clothing stores were hit the hardest as sales in the industry tumbled nearly 79% compared with March 2020. 

    The lockdown in most countries was imposed toward the end of March and now things are opening up.The top three stock leading these gains in recent month are SQBG with 39.47% price change while LAKE saw a surge of 4.66%. PVH Corp. (PVH) moved up 2.29% to $51.27.

    Sequential Brands Group Inc. (NASDAQ:SQBG)

    Sequential Brands Group Inc. (SQBG) is one of the hot stock today traded 2077268 shares today. The company has invested millions building it presences, racking up $514.27 million of debt in the process.

    SQBG stock is currently trading at $7.25 with 1st support level on of $4.81 and the 1st upside resistance level of SQBG is $5.90. SQBG has performed -44.68% over the past 4 weeks, stock has performed -31.58% over the past 3 months and Sequential Brands Group Inc. has shown -70.63% over the past 1 year.

    Lakeland Industries Inc. (NASDAQ:LAKE)

    Lakeland Industries Inc. grow 120.38% this year to reach $190.44 million of market cap.

    LAKE shares are trading at $24.22 at the time writing with 1st support level on of $22.49 and the 1st upside resistance level of LAKE is $23.62. LAKE has performed -0.98% over the past 4 weeks, stock has performed 53.75% over the past 3 months while LAKE stock fifty day moving average is $21.96 and LAKE 200-day moving average is $16.49.

    Other notable stocks in apparel manufacturing industry were CPRI with weekly loss of -4.60%, GOOS saw 2.39% and LEVI with 1.50% in same period.

    PVH Corp. (NYSE:PVH)

    PVH Corp. (PVH) traded at $51.27 at the time of writing on 07/27/20, making an upward move of 2.29%. PVH Corp. decrease -43.88% this year to reach $3.62 billion of market cap. 

    PVH shares has 1st support level on of $49.12 and the 1st upside resistance level of PVH is $50.66. PVH has performed 6.91% over the past 4 weeks, stock has performed 5.21% over the past 3 months while PVH stock fifty day moving average is $49.54 and PVH 200-day moving average is $57.69.

    Other notable stocks in apparel manufacturing industry were CPRI with weekly loss of -4.60%, GOOS saw 2.39% and LEVI with 1.50% in same period.

  • 15 Trending Stocks in Biotechnology Industry

    15 Trending Stocks in Biotechnology Industry

    The biggest movers of the 2020 are biotech stocks. Now, the COVID-19 pandemic has put brighter spotlight on the future of healthcare and specially biotech stocks have respond accordingly.

    Innovative biotech business have adopted the change and are competing to make what could become a life-saving treatment for millions in the form of a vaccine.

    Some of the biggest winners of this transformative mega-trend are discussed below.

    Genocea Biosciences Inc. (NASDAQ:GNCA) shares were trading up 24.44% at $4.48 at the time of writing on Friday.

    Genocea Biosciences Inc. (NASDAQ:GNCA) share price went from a low point around $1.10 to briefly over $3.86 in past 52 weeks, though shares have since pulled back to $4.48. GNCA market cap has remained high, hitting $99.50M at the time of writing, giving it price-to-sales ratio of more than 110.

    If we look at the recent analyst rating GNCA, SVB Leerink initiated coverage on GNCA shares with an Outperform.

    Arbutus Biopharma Corporation (ABUS) last closed at $4.96, in a 52-week range of $0.82 to $6.48. Analysts have a consensus price target of $5.00.

    Ocugen Inc. (OCGN) stock soar by 32.85% to $0.38.

    Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) Shares headed falling, lower as much as -3.97%. The most recent rating by ROTH Capital, on April 18, 2019, is at a Buy.

    Capricor Therapeutics Inc. (NASDAQ:CAPR) rose 29.31% after gaining more than $1.75 on Friday.

    Ampio Pharmaceuticals Inc. (AMPE) last closed at $0.96, in a 52-week range of $0.26 to $0.97.

    iBio Inc. (IBIO) last closed at $5.50, in a 52-week range of $0.05 to $7.45.

    Novan Inc. (NOVN) stock soar by 6.06% to $0.86. The most recent rating by Piper Jaffray, on January 06, 2020, is at a Neutral.

    Onconova Therapeutics Inc. (NASDAQ:ONTX) Shares headed falling, lower as much as -2.63%. The most recent rating by H.C. Wainwright, on March 01, 2018, is at a Buy.

    Actinium Pharmaceuticals Inc. (AMEX:ATNM) rose 7.45% after gaining more than $0.03 on Friday.

    Sesen Bio Inc. (SESN) last closed at $0.99, in a 52-week range of $0.37 to $1.54.

    VistaGen Therapeutics Inc. (VTGN) stock drop by -4.39% to $0.76. The most recent rating by Maxim Group, on June 27, 2018, is at a Buy.

    Qualigen Therapeutics Inc. (NASDAQ:QLGN) Shares headed rising, higher as much as 11.22%.

    PolarityTE Inc. (NASDAQ:PTE) rose 10.56% after gaining more than $0.17 on Friday.

    Matinas BioPharma Holdings Inc. (MTNB) last closed at $0.96, in a 52-week range of $0.49 to $2.49.

  • Starbucks Corporation [SBUX] Upgrades Loyalty Program Ahead Of Q3 Results

    Starbucks Corporation [SBUX] Upgrades Loyalty Program Ahead Of Q3 Results

    It’s a mixed bag in the markets today. The S&P 500 and The Dow are up, while the NASDAQ is down. Nonetheless, overall market sentiment is positively driven by positive news from Europe about a COVID-19 bailout and expectations of a COVID-19 vaccine. One of the stocks that is in the spotlight at the moment is Starbucks Corporation [NASDAQ:SBUX]. The company will release its Q3 earnings on July 28th, and the expectation is that they will drop.  Consensus estimates put SBUX EPS loss at $0.60, or a year-over-year drop of 176.9%. Analysts also expect revenues to drop by 39% to $4.13 billion.

    Besides the upcoming earnings, Starbucks Corporation [SBUX] has today announced that it is carrying out upgrades on it loyalty program. The Motley Fool has reported that SBUX is looking to leverage its wide data systems to give a better loyalty program.

    Under the new program, members will have multiple ways to pay and earn stars that they can use to access beverages. One of the aspects of the loyalty program is that members of the program in the U.S and Canada will be in a position to pay for coffee using credits earned from debit cards and a number of mobile wallets. Another aspect of the program is that these payment methods will be accessible via the company’s app. All they need to do is scan the payment method they intend to use and also link the payment method to their personal account. Commenting on the new loyalty program, SBUX chief marketing officer said that, they expected the increase of payment methods will make the company attractive to a bigger audience.

    Another factor that is making Starbucks an interesting stock to watch in the day is news of its expansion of digital services in the Chinese market.  The company continues to take steps that grow its market presence in China, and through the expanded digital services, customers in China can now make their orders through the various Alibaba Apps. Through the expanded digital program, the company’s customers can make pre-orders of any of its products. SBUX has been expanding its digital services aggressively and has delivered services in more than 3000 stores in over 100 Chinese cities. Through this service, revenues are likely to keep rising in the Chinese market and push up SBUX stock value.

    About Starbucks

    Starbucks Corporation [SBUX] roasts markets, and retails specialty coffee, and operates an American and international division. It is headquartered in Seattle, Washington.