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Every investor in Okta, Inc. (NASDAQ:OKTA) should be aware of the most powerful shareholder groups. Institutions will......
Vaxart Inc (NASDAQ: VXRT) shares are trading higher on Monday after B Riley FBR initiated coverage on the company's stock with a Buy rating and announced a $22 price target.The company also raised about $90 million in gross proceeds through at-the-market-facility.Vaxart is a biopharmaceutical company. It is focused on the discovery and development of direct-acting antivirals to treat infections that affect patients globally.The company has three product candidates which are; Influenza, Norovirus and RSV Vaccine, an oral fusion protein inhibitor for the treatment and prevention of respiratory syncytial virus (RSV) infections, and BTA074, a topical antiviral treatment in for condyloma caused by human papillomavirus. Geographically all the business activity is functioned through the region of the US.Vaxart shares were trading up 50.25% at $11.99 at the time of publication on Monday. The stock has a 52-week high of $14.30 and a 52-week low of 25 cents.Latest Ratings for VXRT DateFirmActionFromTo Jul...
Workhorse Group Inc (NASDAQ: WKHS) can sell its zero-emission C-Series electric delivery vans in all 50 states after a California ruling buttressed a federal finding in the company's favor.Now, Workhorse just has to build the vans.The Cincinnati-based manufacturer is building a couple of trucks a day at its Union City, Indiana plant. The goal is 300 to 400 vans this year. United Parcel Service, Inc. (NYSE: UPS) and DHL have placed orders for about 1,100 vans.The California Air Resources Board (CARB) issued an executive order to Workhorse valid for an unspecified year. CARB's website does not show the order yet. Workhorse's previous E-Series electric van received a certification for 2018. Workhorse stopped making the E-Series vans to focus on developing the composite-body C-Series vans with cargo capacities of 400 to 1,200 cubic feet. Initially, it is making 650- and 1,000-cubic-foot vans.Monday's news drove Workhorse shares higher. They are up 600% over the last...
Hewlett Packard Enterprise (HPE) has entered into an agreement to acquire Silver Peak, a software-defined wide area network (SD-WAN) company, to boost its edge-to-cloud solutions, in a deal valued at $925 million.Shares rose 2.7% to $9.50 in early afternoon trading. As part of the transaction, Silver Peak will be combined with HPE’s Aruba business unit to further accelerate the adoption of transformational technologies in the large and fast-growing SD-WAN space. HPE expects the combination to drive “significant” revenue opportunities and to be accretive to Intelligent Edge segment revenue growth and gross margin.The company estimates that the transaction, which is set to close in the fourth quarter of HPE’s fiscal year 2020, to be neutral to non-GAAP EPS in FY22.The need for secure work-from-home experiences triggered by the coronavirus pandemic has generated massive growth in connected devices and cloud requirements, which in turn is accelerating demand for complementary SD-WAN solutions, HPE said.“HPE...
While not a mind-blowing move, it is good to see that the Cara Therapeutics, Inc. (NASDAQ:CARA) share price has gained......
Online furniture retailer Wayfair Inc (NYSE: W) was the target of the latest social media conspiracy theory over the weekend.What Happened?The theory, which was spread over the weekend by the online group QAnon, claims that pricey cabinets and other furniture items are code words for missing children, and Wayfair users can purchase these items to have the children delivered to them as part of a human trafficking ring.There appears to be no real evidence supporting the conspiracy theory.Why It's ImportantSocial media users backing the theory have pointed out that a handful of Wayfair furniture items have names that are similar to children reported missing. Those items also appeared to have extremely high prices relative to the products being sold.In a statement to Newsweek, a spokesperson from Wayfair said the company has updated the listings of the items to convey that the products in question are fairly priced."There is, of course, no...
