MIAMI, FL / ACCESSWIRE / May 5, 2016 / Tech Stock Insider is issuing a report on four stocks to watch. FWM, LCLP, QTM, and SSE have been added to our watch list today. Continue reading to find out why. - To get daily alerts on top stocks, subscribe to our newsletter at TechStockInsider.com.
Fairway Group Holdings (NASDAQ: FWM) has recently announced the filling for documents for bankruptcy hearings. The company, who is the parent of famed New York grocer, proposed restructuring plan would cut about $140 million in senior secured debt and provide financing for the restructuring of Fairway's balance sheet. Fairway said it has secured $55 million in financing for the reorganization. On Thursday, shares of FWM increased by more than 400% in early morning trading following an open of $0.05 and a subsequent move to highs of $0.3394 before the lunch hour. Find more information on FWM's hearings, Here.
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Life Clips, Inc. (OTC: LCLP) reiterated on Wednesday that the company executed a binding LOI to purchase Batterfly Energy, LTD, the maker of the disposable, one-time-use charging unit, Mobeego. According to statements made by company CEO Robert Gruder, initial feedback from big box U.S. retailers has been positive, "We believe a product like this should be stocked at check-out counters at convenience stores, airports, office supply stores, grocery stores, and pretty much everywhere people shop." Since opening on Wednesday at $0.283, shares of LCLP have begun to climb in price. On Thursday morning, the stock price hit highs of $0.3462 (at the time of this article), which marks an initial run up of over 20%. Volume has also been exceeding daily averages this week. Within the last few months, shares have traded as high as $0.50. Download The Full LCLP Report Here.
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Quantum Corporation (NYSE: QTM) has seen a large increase in price on Thursday after having hit lows on Wednesday of $0.35. Before the lunch hour QTM has already made daily highs of $0.475 to create an overall move up of 36%. Earlier this week the company made an announcement with regard to its Xcellis™ high-performance shared workflow storage system. In response to the strong performance of the system, Xcellis won "Best of Show" for postproduction technology in the fifth-annual StudioDaily Prime Awards at the 2016 NAB Show.
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Seventy Seven Energy Inc. (NYSE: SSE) reported a loss of $59.6 million in its first quarter according to its report filed last month. Shares of the stock declined in price to lows of $0.16 on Wednesday May 3 but immediately recovered on Thursday with a strong reverse to highs of $0.30 by noon. This marked a more than 100% increase during that time. The oil and gas company posted revenue of $155.4 million in the period. An 8-K was filed yesterday stating that on May 3, 2016, Seventy Seven Energy Inc. and all of its wholly owned subsidiaries entered into an Amended and Restated Restructuring Support Agreement. Click Here To See More On SSE.
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor's or other person's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & ZERO Restricted Common shares by Life Clips, Inc. (LCLP) for visual sponsorship of TechStockInsider.com and for visual placement Life Clips, Inc. (LCLP) within written materials. FOR A DURATION OF 30 DAYS Beginning 5/4/2016. & ending 6/3/2016. Tech Stock Insider has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding SSE, FWM, or QTM in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words "anticipate," "intend," "estimate," "believe," "expect," "plans," "should," "potential," "forecast," and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company's actual results could differ materially from those described in any forward-looking statements contained herein. Tech Stock Insider is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://techstockinsider.com/content/terms-and-conditions-use/ website for a more detailed discussion of risks and disclosures.
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