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Tag: NASDAQ: RAVE

  • Is It Right Time To Buy RAVE Restaurant (NASDAQ: RAVE) Stocks?

    Is It Right Time To Buy RAVE Restaurant (NASDAQ: RAVE) Stocks?

    Shares of RAVE Restaurant Group, Inc. (NASDAQ: RAVE) soared 127.63% on heavy volume in the trading session of Wednesday. Trading volume jumped to 66.88 million as compared to the average volume of 1.40 million. This strong performance of the company highlighted the positive sentiments of investors after the company announced the hiring of two new executives.

    RAVE Restaurant which is the parent of Pizza Inn and Pie Five Pizza has named, Darren Webb, as director of development of RAVE, supporting Pizza Inn and Pie Five, and Dion Firooznia as the franchise business consultant for Pizza Inn. Darren Webb and Dion have huge experience in developing well-known brands.

    Darren Webb has earlier worked as the director of real estate for Bojangles’ Restaurants, Inc. Not only this but he also served as the real estate manager or Sam’s Xpress Car Wash, LLC, and director of franchise real estate for Take 5 Oil. Webb has the experience of 15 years in spurring development throughout the Southeast. In RAVE, he will increase the relations with franchises by expanding franchise agreements with existing owners to grow their portfolio with RAVE.

    The second executive, Dion Firooznia, has 26 years of industry experience. He worked at Bojangles’ Restaurants, Inc. as the regional vice president before serving as an operating partner for 14 Qdoba Mexican Eats Restaurants in Charlotte and Raleigh, North Carolina. Webb and Dion both worked together earlier in Bojangles’ Restaurants, Inc. Now they both worked in RAVE as a team to increase the business of RAVE Restaurant Group, Inc. 

    RAVE Restaurant Group, Inc. (NASDAQ: RAVE) shares were trading up 127.63% at $1.17 at the time of writing on Wednesday. RAVE Restaurant Group, Inc. share price went from a low point around $0.38 to briefly over $2.85 in the past 52 weeks. It has moved up 207.89% from its 52-weeks low and moved down -58.95% from its 52-weeks high. RAVE market cap has remained high, hitting $18.84M at the time of writing.

  • Top Stocks to Watch as Equity Markets Rebound

    Top Stocks to Watch as Equity Markets Rebound

    Rave Restaurant Group Inc [NASDAQ: RAVE]

    Rave Restaurant Group Inc is up by over 300% this morning and gaining.  This follows the company’s announcement that had just hired two new seasoned executives to spur up its development. The new executives are Darren Webb and Dion Firooznia.

    Webb will be the new director of development for Rave as well as supporting both Pie Five Pizza and Pizza Inn, while Firooznia will be the Pizza Inn franchise business consultant. These two individuals bring in a range of experiences that will see Rave develop in Carolinas where both are based.  The two form a formidable team for the benefit of Rave Group, having worked together before at Bojangles’ restaurants as executives where they both saw the growth of Bojangles in their respective capacities.

    Hill International Inc [NYSE: HIL]

    Hill International Inc is another top performer this morning and is up by over 10% pre-market. The leading managing construction risk company has stated that it has been awarded a contract to provide project management services for the renovation of Kasr al-Ainy Hospitals Development for Cairo University in Egypt. The company is tasked with providing the project management service through the design, procurement, and execution processes. They will also be responsible for building any additional facility buildings if needed.

    Waleed Abdel Fattah, the Senior Vice President of Hill International in North Africa, said in a statement that they are committed to providing efficient services that will see the Iconic Kasr Al-Ainy legacy continues and enable personnel there to provide world-class services. The project, he said will be completed in due time and within the specified budget.

    Ocean Power Technologies Inc [NASDAQ: OPTT]

    This stock is another top performer pre-market and is up by over 37% pre-market. This follows news that the company has entered into an agreement with Aspire Capital Fund and LLC that will see the power technology company sell common stock worth about $12.5 million. This agreement will run for 30 months and will see Ocean Power get funds to purchase more machinery like PowerBuoys to meet potential energy demands.

    The company will also see the advancement of existing projects and initiate new solutions in their bid to provide efficient ocean energy to their clients. The company’s President George H. Kirby said that they are excited about this development that will see them access flexible capital on a cost-effective basis.