CORAL GABLES, FL / ACCESSWIRE / August 15, 2017 / Morning markets surged on August 14. News of continued growth in Japan helped boost US markets. In addition to this, President Donald Trump is expected to sign another executive order. This will be to request a trade investigation of China. It would appear that fears of the U.S.-North Korea standoff have subsided and with it has come a bullish move in the market. Joey New York (JOEY), Helios and Matheson Analytics Inc. (NASDAQ: HMNY), and Crossroads Systems, Inc. (CRDS) are 3 stocks to watch during this latest market rally.
Joey New York, Inc. ("JOEY") announced the expansion of its team on August 8. "We want to set the bar high. It's important to ensure safety at all times and be compliant at every LABB Suite," says Joey Chancis, CEO. "We are revenue driven and utilize our low overhead, high margin business model to drive same store sales growth. To maximize growth while ensuring safety and compliance, we have brought on some very talented individuals on both the business side and the medical side." View the Full Report on JOEY here.
With additional locations are being secured in South Florida and California, JOEY New York has seen attention build over the last two weeks. Share price has seen a range of $0.31 to highs of $0.87.
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) has seen trading volume and price movement on Tuesday, August 15. The company announced that is has entered into a definitive agreement to acquire a majority stake of movie subscription technology company MoviePass Inc. Shares of Helios and Matheson reached highs of $4.29 during pre market trading on Tuesday. This marked a move of more than 50 percent from its closing price of $2.79 on Monday, August 14.
In response to this most recent company development, Ted Farnsworth, Helios and Matheson's Chairman and CEO, said, "With our big data and artificial intelligence platforms and other technologies that we own, we will be able to bring a significant technological advantage to MoviePass. Our mission at HMNY is to continuously be innovating, and this blending is a natural fit to take us up to the next level and beyond."
Crossroads Systems, Inc. (CRDS) traded higher on Tuesday. From a previous closing price of $2.18, shares of Crossroads Systems increased to highs of $3.27 before the 10 o'clock hour. This comes on the heels of the company announcing that it had filed a case under Chapter 11 of the Bankruptcy Code and a prepackaged Chapter 11 plan of reorganization that has been accepted by the holders of more than 2/3 of the Preferred Shares of Crossroads. In response to this, Richard K. Coleman, Jr., Executive Director at Crossroads Systems, said, "We are pleased 210/Crossroads Investment LLC has chosen to make an investment in Crossroads Systems, Inc. The investment capital will allow Crossroads to continue to monetize its patent portfolio while pursuing potential acquisitions that can create value for investors."
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