CORAL GABLES, FL/ ACCESSWIRE / December 21, 2018 / 2018 has been quite the wild ride for the stock market, with swings taking place almost every day. As sectors across all industries become less erratic, this week's investors are being presented with several stocks providing volatile upside patterns. As we move, headfirst into 2019, Premier Health Group (OTC:PHGRF) (CSE:PHGI), Marin Software Incorporated (MRIN), Micronet Enertec Technologies, Inc (MICT), and Christopher & Banks Corporation (CBK) are presenting investors with potential opportune investments just in time for the holiday season.
Premier Health Group (OTC:PHGRF) (CSE:PHGI) has enjoyed a strong month of bullish trading following several announcements that have proved enticing for investors in the healthcare sector. Shares of the Company have jumped over 30% over the course of the last four weeks, with shares trading at $0.64 per share in midday trading on Friday.
Recently, the Company has been focusing on developing and implementing a strategic growth model with key announcements that continue to build new interest. Earlier this week, the Company announced it had signed a binding LOI to acquire all outstanding securities of Cloud Practice Inc. According to the announcement, Premier will acquire key products from Cloud's portfolio, including Juno EMR, a cloud-based EMR solution which is currently used by 287 clinics, over 3,000 licensed practitioners, 1,500 staff and 2.8 million registered patients.
At the tail-end of last week, Premier Health Group (OTC:PHGRF) (CSE:PHGI) signed another binding Letter of Intent to acquire a Vancouver-pharmacy. For the fiscal year 2017/18, the aforementioned pharmacy reported revenues of approximately $1MM.
Dr. Essam Hamza , CEO of Premier Health, said: "We are ecstatic at the opportunity to build on our patient-centric technology platform through the integration of Cloud Practice's suite of software solutions. They have a strong team of developers who are just as enthusiastic as we are about the future of healthcare. We believe that this partnership will help facilitate our vision of integrating telemedicine, online booking, and other premium services with our electronic medical record (EMR) system."
Marin Software Incorporated (MRIN), a Northern-California based tech company, announced that, in an effort to continue its work as a leading provider of digital marketing software, the company entered into a three-year revenue-sharing agreement with Google to further develop Marin's enterprise tech platform and software products.
"This revenue sharing agreement with Google highlights the value of a strong, independent ecosystem that helps brands get the most out of their cross-channel marketing spend," said Chris Lien, Chief Executive Officer of Marin. "With increased investment supported by Google, leading advertisers can expect to see even more search innovation from Marin to better help them achieve their advertising goals including harnessing the power of machine learning-based ad formats and other innovative placements."
Micronet Enertec Technologies, Inc (MICT) had an impressive day on the market, with shares of the Company soaring over 136.88% to $0.73 per share in midday trading on Friday. The sudden boom in share price is most likely connected to the fact that the Company announced their signing of a definitive acquisition agreement with Brookfield Interactive Ltd and ParagonEx Ltd. The combination of all three entities will, as explained in the official press release, work to create a company with a strong business-to-business technology platform.
Commenting on the proposed transaction, David Lucatz, chairman and Chief Executive officer of MICT said: "This transaction marks a significant milestone in the evolution of MICT. The merged company will develop a much more substantial and diverse revenue stream
Christopher & Banks Corporation (CBK), a company known for its specialty women's apparel brands, showed positive gains in the market on Friday with the Company's stock up 71.37% in mid-day trading on Friday afternoon. Analysts attribute the upswing to the fact that the Company announced their rejection of an unsolicited proposal from Carson's Holdings, Inc to acquire all outstanding stock of the Company for $0.80 per share. According to their official press release, the Company's Board of Directors decided that Carson's Holdings' proposal dint fully reflect the full, long-term value that the Company's stockholders are expected to receive.
"Our Board of Directors and senior management firmly believe that our growth prospects and long-term strategy are not reflected by the Company's current stock price," said Keri Jones, President and Chief Executive Officer, "The stock repurchase program that was announced today reflects our continued confidence in the Company's future prospects and underscores our ongoing commitment to enhancing stockholder value."
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