The markets have hit all time highs this year and with that many stocks are seeing a positive trend as well. In addition to an explosive month that has been centered around President Donald Trump, there has been a lot more activity especially with the latest results from the new report form ADP and Moody’s Analytics. Companies added 246,000 new workers to payrolls according to the report. This is much higher in comparison to the 165,000 jobs that were expected to be the case by economists surveyed by Reuters. January has not turned into the best single month of performance since June. In line with these bullish moves of the market in general, companies like Platinum Pari-Mutuel Holdings (PPMH), mCig Inc. (MCIG), Pulmatrix Inc. (PULM), and DryShips Inc. (DRYS) have seen recent spikes in volume and price during recent weeks.
Platinum Pari-Mutuel Holdings (PPMH), for example, has seen a jump in stock price by 39% since last Wednesday. The company’s holdings include Rugged Outdoor Computing Systems, Inc., TBX Group, Inc., Smacktive, LLC, Smacked Ventures, Inc., and mPathDiscovery, LLC. According to company reports there has been mounting interest in mPathDiscovery from such organizations as the McCain Institute as well as Thorn, a company Co-Founded by Ashton Kutcher that drives technology innovation to fight sexual exploitation of children. mPathDiscovery itself is a business intelligence & consulting firm that designs and implements research systems and analyzes idiosyncratic patterns of human behavior. Applications include business intelligence, digital sociology, educational applications, homeland security, mobile applications, mobile mapping, and public safety.
mCig, Inc has also realized a significant jump in market activity during the last few weeks. Since late December when the stock was trading around $0.13, shares of mCig have climbed as high as $0.505. After recently pulling back to lows of $0.2796, mCig has recovered by more than 50% as of this morning. The company announced today that it has entered into legally binding subscription agreements with Paul Rosenberg, Chairman and Chief Executive Officer and Michael Hawkins, Chief Financial Officer for the issuance of 25,000 newly issued Series A Preferred shares each. Under the agreements Mr. Rosenberg and Mr. Hawkins will subscribe for and purchase directly or through their own beneficially owned and controlled special purpose vehicle 25,000 shares of Series A Preferred stock each for a total purchase price of $200,000 ($100,000 each).
DryShips Inc. has been climbing in price since after hours trading on Monday continued well into the mid week trading hours. The company announced today that it will release its results for the fourth quarter 2016 after the market closes in New York on Tuesday, February 7, 2017. Since Monday afternoon, shares of DryShips are up more than 200% after hitting highs of $6.38 on Wednesday morning.
Pulmatrix Inc. has enjoyed a reversal in the market. The stock previously hit highs of $3.40 a few days ago before dropping to lows of $2 on Tuesday. During Wednesday morning’s session, the stock rebounded by as much as 62.5%, following highs of $3.25. The company is a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary diseases. 2 days ago the company announced that it has entered into a definitive agreement with several institutional investors to purchase an aggregate of approximately $5.0 million of shares of common stock in a registered direct offering.
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