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BlackBerry sold 90 smartphone technology patents to HuaweiShares of BlackBerry (NYSE:BB) soared Thursday despite an apparent lack of company-specific news. Investors may have been responding to a report published earlier this week that said the company sold some of its patents to Huawei. Canadian newspaper The Globe and Mail reported Tuesday that BlackBerry had sold 90 smartphone technology patents to the Chinese technology giant Huawei. BlackBerry stopped manufacturing smartphones back in 2016, but the company still has a large number of patents relating to those devices. Selling some of them is yet another clear sign that it has moved on and is putting its efforts into other businesses. investors may be continuing to express their positive sentiment toward the tech stock, which is up more than 100% over the past six months. www.fool.com
NYSE:BB
by AlenCiken
1
CHRA Awarded Large-Scale, 12-Year Ash Marketing ContractCharah Solutions Awarded Large-Scale, 12-Year Ash Marketing Contract by Dominion Energy for Beneficial Use of 8.1 Million Tons of Reclaimed Ponded Coal Ash For the beneficiation and utilization of up to 8.1 million tons of reclaimed ponded coal ash at its Chesterfield Power Station in Chester, VA. Dominion Energy is headquartered in Richmond, VA. As part of the agreement, Charah Solutions will install processing and transportation infrastructure in 2021 to facilitate rail transportation of the ash from Chesterfield Power Station to cement kiln feed markets. finance.yahoo.com
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by AlenCiken
AVAV to Acquire Arcturus UAV, Expanding Product PortfolioAeroVironment to Acquire Arcturus UAV, Expanding Product Portfolio and Reach into Group 2 and 3 Unmanned Aircraft Systems Segments Total transaction value of $405 million in cash and stock, including $355 million in cash and $50 million in AeroVironment stock. Arcturus UAV has a demonstrated track record of solid performance, with topline growth exceeding 20 percent for each of its last two fiscal years. Arcturus UAV’s complementary capabilities provide program diversification, increase key customer penetration and enhance shareholder value Arcturus UAV is well positioned for ongoing United States Special Operations Command (USSOCOM) Mid-Endurance UAS (MEUAS) task orders, United States Army Future Tactical UAS (FTUAS) program delivery orders and international contracts Expected to be immediately accretive to revenue growth, adjusted EBITDA margin and non-GAAP diluted EPS, excluding intangible assets, amortization expense and deal and integration costs, and accretive to GAAP diluted EPS by fiscal year 2022 Group 2 and 3 UAS and services, collectively, potentially represent more than one billion dollars in annual contract value, according to an independent forecast. The Arcturus UAV team has produced strong growth in recent years and has secured strategically important wins in the MEUAS and FTUAS programs, positioning Arcturus as a leader for next-generation program requirements In connection with the acquisition, AeroVironment has received commitments for a $200 million Term Loan Facility and $100 million revolver (undrawn at close) with Bank of America, N.A. acting as Administrative Agent, and with BofA Securities, Inc., JPMorgan Chase Bank, N.A. and U.S. Bank National Association acting as arrangers. AeroVironment will fund approximately $155 million of the acquisition from cash on hand. finance.yahoo.com
NASDAQ:AVAV
by AlenCiken
WiMi Obtains Patent for New 3D Holographic Pulse Laser DeviceWiMi Obtains Patent for New 3D Holographic Pulse Laser Processing Device to Further Advance the Application of Holographic Technology in EV Autonomous Driving and Other EV Areas WiMi Stock soars After Surprise Patent Announcement Wimi obtained a patent (the "Patent") for a three-dimensional ("3D") holographic pulse laser processing device for optical holography use (the "New Device"). 3D optical holography pulse laser processing devices will be widely used in the fields of autonomous driving, medical imaging, unmanned flight, holographic spectrometers, and more. With the rapid development of the electric vehicle ("EV") industry, it is expected that pulse laser holography applications will play an increasingly important role in the collection and presentation of holographic data. WiMi has developed the New Device to solve the problems of holographic data collection and holographic data presentation for EVs in the future. finance.yahoo.com
NASDAQ:WIMI
by AlenCiken
Datasea to Focus on the 5G OpportunitiesDatasea Announces the Establishment of a New Company to Focus on the 5G Opportunities and Related Value-added Services Our technology shares a particular connection with 5G messaging known as Rich Communication Services ("RCS"), which enables us to develop services related to 5G messaging. The 5G messaging involves customer-to-customer interactions and enhances traditional messaging services with new services such as multimedia messaging, commercial messaging and interactive services. finance.yahoo.com
NASDAQ:DTSS
by AlenCiken
2
GameStop Soars With Activist Ryan Cohen Gaining Board SeatsGameStop Soars With Activist Ryan Cohen Gaining Board Seats GameStop Corp. jumped after activist investor Ryan Cohen stepped up his transformation efforts at the struggling video-game retailer, gaining a seat on the company’s board along with two allies. Cohen’s RC Ventures -- GameStop’s second-largest shareholder, with a 13% stake -- has been pressing the Grapevine, Texas-based chain to undertake a strategic review to cut more costs. Cohen, the entrepreneur who helped build up the Chewy pet-supply site, also wants GameStop to increase the variety of products and services it offers online. “We are excited to bring our customer-obsessed mindset and technology experience to GameStop and its strategic assets,” Cohen said in a statement Monday. The stock rocketed up 210% last year on hopes that it would benefit from the release of new video-game consoles. GameStop lost some ground in early December after reporting third-quarter sales that missed estimates and announcing plans to sell more stock, but it rebounded toward the year’s end. Along with Cohen, Alan Attal and Jim Grube are joining the GameStop board. Both men worked with Cohen at Chewy. That news seemed to overshadowed a disappointing holiday sales release from GameStop, GameStop reported a 4.8% year-over-year increase in comparable-store sales for the nine-week holiday period ended Jan. 2. Coronavirus-related losses of store traffic knocked a high-single-digit to low-double-digit percentage off those sales, the company said, and net sales dropped 3.1% to $1.77 billion. finance.yahoo.com GameStop CEO George Sherman said in the news release that “together, we have reached an outcome that is in the best interest of all stockholders and can enable GameStop to accelerate efforts to deliver enhanced value for the company.” Excitement that Cohen can help turn things around was compounded by the stock’s high short interest, estimated at about 58% of shares available for trading, according to data from S3 Partners. That’s left the stock primed for a short squeeze. But the rise of digital game downloads amid declining earnings necessitate a bold new strategy. www.barrons.com
NYSE:GME
by AlenCiken
CCIV surge on news of plans to take Lucid Motors public via SPACChurchill Capital Corp IV extends 2-day surge to over 50% on news of plans to take Lucid Motors public via SPAC Shares of Churchill Capital Corp. IV are up over 50% in a two-day streak to start the week. News of the SPAC potentially taking EV company Lucid Motors public is driving the share price higher. The fourth of seven 'blank-check' companies operated by Michael Klein, Churchill Capital Corp. IV's plan for Lucid Motors would keep the SPAC craze going in 2021. the partner firm is Lucid Motors, a relatively well-established EV manufacturer based out of Newark, California, and which targets the luxury end of the car market. The deal could potentially value Lucid at $15 billion, according to Bloomberg. markets.businessinsider.com
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by AlenCiken
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BIOLASE Announces Agreement With DSO Dental Care AllianceBIOLASE Announces Agreement With DSO Dental Care Alliance To Expand Laser Adoption In Dental Offices Across The United States BIOL announced an agreement with Dental Care Alliance (DCA), one of the largest dental support organizations (DSO) in the United States with more than 330 affiliated practices in 20 states, to expand laser adoption and hands-on training programs in targeted geographies. The Company expects the agreement to lead to a rollout across all DCA offices in 2021. finance.yahoo.com
B
by AlenCiken
1
This NCNA Penny Stock Could Surge Over 300%, Say AnalystThis NCNA Penny Stock Could Surge Over 300%, Say Analyst NuCana uses a phosphoramidate chemistry technology called ProTide to create a class of drugs that will surmount the limitations of the existing nucleotide analogs behind many chemotherapy drugs. NuCana’s ProTides have already been used in Gilead’s antiviral drug Sovaldi. In May of last year, NuCana announced the restart of its Phase III trial on Acelarin, the drug candidate furthest along the company’s pipeline, as a treatment for biliary tract cancers. The study encompasses over 800 patients in 6 countries and is currently ongoing. In November, the company published data described as ‘encouraging’ from the Phase Ib study of the same drug. While Acelarin is the flagship drug in the pipeline, NuCana has two other prospects under development. NUC-3373 is in Phase I trial as a treatment for solid tumors and colorectal cancers, and NUC-7738 is a second pathway under investigation for applications to advanced solid tumors. Of these three, the colorectal study is the farthest advanced. 5-star analyst Robyn Karnauskas sees the pipeline as key to NuCana’s investor potential. “We believe investors have overlooked the fact that NCNA is a platform Company that we believe is validated, as defined by the production of clinical products. We like that it has brought 3 products to the clinic, including one novel drug and two improved cornerstone chemos. The data suggest to us that the platform works and can produce better chemos While investors are mostly focused on Acelarin, we believe investors should also focus on NUC-3373, another core to our platform-based thesis that has data expected in 1H2021,” Karnauskas noted. To this end, Karnauskas puts a $22 price target on NCNA, suggesting the stock has room for 384% growth ahead of it, along with a Buy rating. finance.yahoo.com
NASDAQ:NCNA
by AlenCiken
5
Update on Disney: price stalling at the topsIn my previous post, I've mentioned that Disney is dangerously high and that technicals are screaming for a correction. Some time has past and the price is still stalled around the highs. RSI has already dipped quite below the 70 line and MACD's crossover is spreading wider. The histogram is increasing as well. We have a small subdued bearish flag (the figure marked in red lines) that with Yesterday's close it has been breached, though not with a strong intention. Two key zones (the squares in blue) remain to be passed to speak about testing the trend and eventual reversal of that uptrend. The target of the figure is implying for a potential move towards the gap level and the trend support zone.
NYSE:DISShort
by DailyChartist
VOXX posted fantastic strong third-quarter resultsVOXX International Corporation Reports Its Fiscal 2021 Third Quarter Financial Results The entertainment systems specialist posted fantastic third-quarter results. The maker of consumer electronics and automotive entertainment systems saw third-quarter sales rise 83% year over year to $201 million. Earnings jumped from $0.10 to $0.74 per share . Your average Wall Street analyst would have settled for earnings near $0.02 per share on revenue in the vicinity of $113 million. Consumer electronics sales rose 74% to $80 million , driven by high consumer interest in premium audio products. A new distribution deal with Onkyo and Pioneer also contributed to this segment's rapid rise. In the automotive electronics division, Voxx saw sales jump 105% higher to land at $62 million . This increase was powered by the recent acquisitions of Vehicle Safety Holdings and Directed Electronics Canada, with an assist from rear-seat entertainment systems and aftermarket security products. The fledgling biosecurity segment posted sales of $300,000 as car makers started to take delivery of iris authentication systems from EyeLock, a Voxx subsidiary. Voxx CEO Pat Lavelle expects demand for the EyeLock iris-scanning security tools to rise exponentially. The stock trades at multi-year highs today with the backing of healthy financial results. Growth investors should keep an eye on this exploding turnaround story. www.fool.com
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by AlenCiken
EV-Tech Company Proterra to Go Public Through ArcLight SPACProterra, Commercial Electric Vehicle Technology Leader, To Become Publicly Listed Through Transaction with ArcLight Clean Transition Corp. Provides Resources to Take Proterra's Proven Portfolio of Next Generation Electric Vehicle Technology to New Levels of Growth Includes $415 Million PIPE Investments Anchored by Daimler Trucks as well as Franklin Templeton, Chamath Palihapitiya, Fidelity Management & Research Company LLC, and Funds and Accounts Managed by BlackRock Proterra to Have up to $825 Million in Cash to Fund Growth The transaction is expected to deliver approximately $648 million in cash at closing, including approximately $278 million of cash held in ArcLight Clean Transition Corp.'s trust account from its initial public offering in September 2020. Transaction Represents Enterprise Value of $1.6 Billion for Proterra Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. It is expected to close in the first half of 2021, subject to the satisfaction of customary closing conditions, including the approval of ArcLight Clean Transition Corp.'s shareholders. finance.yahoo.com
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by AlenCiken
Stock to watch: Electrameccanica Vehicles Corp (NASDAQ: SOLO)NASDAQ:SOLO The asset has been in 40+ days of consolidation in the range. And as it is in an uptrend (also for MACD Crossover indicator ) I'm expecting a decent breakout. The buy zone is between 0 and 0,236 Fib Targets: up to 2 Fib (or even further) Invalidation: closing below November's gap. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
SLong
by randomname11
4
LM Funding Announces Filing of SPAC Registration StatementLM Funding Announces Filing of SPAC Registration Statement LMFA today announced that LMF Acquisition Opportunities, Inc., a special purpose acquisition company and an indirect subsidiary of the Company ("LMF Acquisition"), filed a Registration Statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission ("SEC") in connection with a proposed initial public offering of its units. LMF Acquisition intends to search for a target in the financial services industry, including potentially the financial technology (FinTech) sector, and related sectors. The proposed public offering is expected to have a base offering size of $75 million, or up to $86.25 million if the underwriters' over-allotment option is exercised in full. finance.yahoo.com
NASDAQ:LMFA
by AlenCiken
5
TTD: Buying opportunity with the trend"Trend is your friend" as they say and for me it's a personal guiding though implemented in my technical analysis. TTD's correction has ended and currently we have a affirmative bounce from the internal fractal support line. RSI and MACD's histogram are signaling for a reversal, though MACD hasn't made it's crossing yet. Thursday's close was with a pinbar and Friday we saw some goo buying action supported by above average daily volume of activity. In worst case scenario if bulls loose control we may see a further drop towards the $633 - $600 zone.
NASDAQ:TTDLong
by DailyChartist