Tech Stocks in Focus: From IPOs to Breaking News, Here's What's Happening
MIAMI, February 2, 2015 /PRNewswire/ --
U.S. tech stocks have begun to gain more attention as the media targets 2015's IPO season. Earnings reports and new developments have seemed to helped fuel this frenzy of buzz but not all attention was sprung from good news. Companies like Alibaba for example, fell short of targets leaving investors disappointed and share prices in the lurch. However, companies like cloud storage company, Box (NYSE:BOX), Facebook (NASDAQ:FB), World Moto Inc (OTCQB:FARE), Blue Calypso, Inc (OTCQB:BCYP), and Genetic Technologies Ltd (NASDAQ:GENE) have all made the news during the early parts of 2015
Box Inc. (NYSE:BOX) IPO'd during the later part of January and saw an increase in share volume immediately from the kick-off of its public debut. Box helps business of all sizes in every industry securely access and manage their critical information in the cloud. Following their IPO, the company promptly began making additional announcements including that of AstraZeneca, a global, innovation-driven biopharmaceutical business, making Box's cloud content sharing and collaboration platform available to its 51,000 employees across more than 100 countries.
(for more information on BOX and related companies please visit http://dailystockreporter.com/market-scan/?symbol=BOX)
Facebook, Inc. (NASDAQ:FB) has also made the news recently. The company announced earnings late last week and reported revenue for the full year 2014 of $12.47 billion (an increase of 58% year-over-year), a daily active user base of 890 million on average for December 2014 (an increase of 18% year-over-year), and a mobile daily active user base of 745 million on average for December 2014 (an increase of 34% year-over-year). Since mid January, FB shares have increased in price by as much as 6.7% follow January 15 lows of $73.54.
(for more information on FB and related companies please visit http://dailystockreporter.com/market-scan/?symbol=FB)
Share prices for World Moto (OTCQB:FARE) have skyrocketed in price over recent days. The mobile payment company focused on payment solutions for motorcycle taxis recently announced that the company is now immediately accepting orders from qualified global distributors and fleet operators for the Moto-Meter™. Since making the announcement, prices have jumped from $0.0131 to as high as $0.063 a near 400% jump.
(for more information on FARE and related companies please visit http://dailystockreporter.com/market-scan/?symbol=FARE)
Blue Calypso, Inc (OTCQB:BCYP) has also seen an increase in market volume during the late part of December and into the new year. In addition to new leadership team appointments, Blue Calypso has also announced that it had successfully completed the conversion of all of its outstanding 10% convertible debentures as well as filing a motion in the Eastern District of Texas to lift the negotiated stay on the pending patent infringement litigation between the Company and several defendants. "The parties jointly agreed to lift the stay and an expedited schedule. We joined the request for a stay in good faith based on that agreement last year," Andrew Levi, CEO of Blue Calypso stated. Shares of Blue Calypso have increased by as much as 179% following lows in December of $0.07
(for more information on BCYP and related companies please visit http://dailystockreporter.com/market-scan/?symbol=BCYP)
Genetic Technologies Ltd (NASDAQ:GENE), a medical diagnostic company has received more attention this past week as evidenced by a large increase in trading volume during the later half. The company announced that up to 6 new breast diagnosis/treatment centres are expected to begin offering BREVAGenplus®to their at-risk patients in a systematic broad fashion in the January to March. Leading up to and following this announcement, share price for GENE went from trading under $1.40 and jumped to highs of $4.68 before closing the week out at $2.79.
(for more information on GENE and related companies please visit http://dailystockreporter.com/market-scan/?symbol=GENE)
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