MIAMI, May 12, 2016 /PRNewswire/ --
TechStockInsider.com issues the following report: The Dow Jones was down -217 points on May 11th but that didn't stop these four stocks from breaking out in a big way. Technical and fundamental catalysts coupled to provide investors of these companies with massive gains. Furthermore, chart patterns and after-market trading activity hint towards momentum building rather than slowing. While the overall market takes a dip, investors should look to these four companies for profitable opportunities.
LifeClips Inc. (OTC: LCLP) has skyrocketed 77% over the last 6 trading sessions after announcing a binding letter of intent to purchase Israeli battery maker Batteryfly Energy, LTD. TechStockInsider.com has been following the company since 5/4/2016 where they alerted (LCLP) at .27 now trading at .48
LifeClips will be bringing Batterfly's flagship product, Mobeego, to the United States. Mobeego is a non-tethered, disposable, recyclable battery that provides an emergency charge to mobile phones and action cameras. The product is currently sold in countries around the world like Canada, Mexico, Australia, Malaysia, and the United Kingdom.
The Company also announced today that they have placed an initial order for its new 4k Action Camera the SoluVu™ to fulfill retail and distribution orders. SoluVu™ has several key features that competitors do not come standard with, such as; an internal gyroscope for greater image stabilization, built in motion detection for activation, and a 16 mega-pixel image camera. The SoloVu™ comes with video options of 4k, 2k, 1080 and 720. The camera also comes with a 32GB memory card and features burst mode, time lapse & looping video modes. SOURCE: TechStockInsider.com
MGT Capital Investments (NYSE: MGT) has exploded after announcing John McAfee was named chief executive officer and executive chairman of the company. MGT has agreed to acquire specific technology and assets of McAfee's anti-spy software firm D-Vasive for $300,000 in cash and 23.8 million restricted shares, or 47% of the company.
MGT closed trading on May 11th at $1.27 a share up nearly +253% in three days following the announcement. MGT traded as high as $1.46 in the after-market session and momentum has continued into the pre-market trading session with MGT breaking above $1.50.
The Company announced this morning that they have acquired a membership Interest in The Round House LLC, an Alabama-based technology incubator, offering co-working space, accelerator services and angel investment. The highlight of this announcement involves Round House's equity ownership of RecMed First Aid. RecMed was founded by a local teenager, Taylor Rosenthal. This past Monday, Taylor became the youngest person to exhibit at TechCrunch Disrupt in New York. He has been featured on numerous national media outlets in the past several days, and Taylor has stated that RecMed is being courted by some large retail and healthcare companies.
According to a report issued by CNBC, RecMed recently turned down a $30 million buyout offer. SOURCE: TechStockInsider.com
ChemoCentryx Inc. (NASDAQ: CCXI) has jumped more than 131% in two days after gaining licensing rights from Vifor Pharma to commercialize CCX168, a Complement 5a Receptor (C5aR) inhibitor for orphan and rare renal diseases, including anti-neutrophil cytoplasmic antibody (ANCA)-associated vasculitis (AAV), in Europe, Mexico, Canada, Central and South America, and South Korea. CCX168 is ready for Phase 3 study planned later this year.
The Company will receive $60 million in cash as an upfront payment and a $25 million equity investment to purchase Chemocentryx common stock at a price of $7.50 per share. The pharmaceutical company will be eligible to receive additional payments after certain regulatory and sales milestones are reached.
ChemoCentryx announced today that they have been selected for a poster presentation at the 2016 Society for Investigational Dermatology Annual Meeting on May 12, 2016, in Scottsdale, Arizona. The Company will be presenting preclinical data using a series of orally-available inhibitors of the chemokine receptor known as CCR6. SOURCE: TechStockInsider.com
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