Today’s data on manufacturing activity during August showed strong private sector growth on a worldwide level. European Central Bank president Mario Draghi strayed away from any mention to the future direction in euro zone monetary policy ahead of Jackson Hole. Even with a different implied open based on activity in the futures market, several stocks have continued to trend higher this week: Joey New York Inc (OTCMKTS:JOEY), ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC), and DryShips Inc. (NASDAQ:DRYS)
Joey New York Inc (OTCMKTS:JOEY) continues to see active trading during multiple market sessions this week. Tuesday marked the stock’s most active trading volume day of the month. With the company’s focus on expansion of its LABB Botox and filler suites, eyes will be on Joey New York’s recent announcement that it had come to agreements with certain investors for additional capital to build out the national footprint of the brand. In addition to this, management has added new team members during recent weeks.
In 2016, there were about 7.05 million injections of botulinum toxin worldwide. It is because of the shift in cultural thinking, high spending on beauty products, and increased brand popularity. According to reports, injectables and skin care products are expected to experience the fastest growth in the global Cosmetic market, based on anti-aging benefits. Leading brands such as Allergan’s BOTOX COSMETIC and JUVEDERM will continue to lead growth in injectables going forward. For Free Report on JOEY, Click Here
ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) shares have been steadily increasing since August 11. On Tuesday the stock saw its highest trading volume day of the year. This is happening ahead of the company’s previously announced conference call and webcast on Wednesday, August 23, 2017at 5:00 pm ET. ImmunoCellular will provide a business update, which will be hosted by Anthony J. Gringeri, PhD, President and Chief Executive Officer.
DryShips Inc. (NASDAQ:DRYS) has been in the news for days now. The company previously announced on August 11, 2017, that the audit committee of its Board of Directors has approved a binding term sheet, pursuant to which DryShips will sell its common shares to entities affiliated with the Chairman and CEO, George Economou, for about $100 million consideration at a price of $2.75 per share. During pre-market hours, the stock is trading slightly above $3 and over the last 5 trading days, shares have seen highs of $3.74.
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