Stock News Spotlight: Parsons Corporation (NYSE:PSN)

Parsons Corporation (NYSE:PSN) stock identified change of 42.24% away from 52-week low price and recently located move of -22.71% off 52-week high price. It has market worth of $3.50B. PSN stock has been recorded 1.09% away from 50 day moving average and -6.43% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.87% off 20-day moving average.

On Sept. 21, 2020, Parsons Corporation (NYSE:PSN) has been selected for three task orders totaling $69 million under the company’s Global Application Research, Development, Engineering, and Maintenance (GARDEM) indefinite delivery/indefinite quantity (IDIQ) contract with the Air Force Research Laboratory (AFRL). The task orders are expected to be awarded in 2020.

All contracts are three-year efforts that deliver worldwide on-site mission support and software application enhancements to the AFRL’s operational command and control, situational awareness, and space capabilities. Parsons has provided mission support to the AFRL for more than 20 years.

We look forward to continue delivering valuable operational capabilities and research that enhance the AFRL’s discovery, development, and delivery of warfighting technologies across the all-domain battlespace, said Rich Trentman, Parsons GARDEM program manager. Parsons’ integrated, cross-spectrum approach in fusion, data mining, visualization, geospatial, and cloud computing provide fast, affordable, and tailorable solutions to combat operators around the world.

The Industrials sector company, Parsons Corporation noticed change of -1.79% to $35.09 along volume of 1181562 shares in recent session compared to an average volume of 468.41K. The stock observed return of -3.01% in 5 days trading activity. The stock was at 4.97% over one month performance. PSN’s shares are at -6.08% for the quarter and driving a 0.46% return over the course of the past year and is now at -15.00% since this point in 2018.

The average volatility for the week at 3.11% and for month was at 3.04%. There are 100.70M shares outstanding and 23.35M shares are floated in market.

Notable News to Focus: Cousins Properties Incorporated (NYSE:CUZ)

Cousins Properties Incorporated (NYSE:CUZ) stock observed trading -35.43% off 52-week high price. On the other end, the stock has been noted 31.25% away from low price over the last 52-weeks. The stock disclosed a move of -8.07% away from 50 day moving average and -16.41% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.30% off 20-day moving average. It has market cap of $4.38B and dividend yield of 4.32%.

On Sept. 21, 2020, Cousins Properties Incorporated (NYSE:CUZ) disclosed that its Board of Directors has declared a cash dividend of $0.30 per common share for the third quarter of 2020.  The third quarter dividend will be payable on October 15, 2020, to common shareholders of record on October 5, 2020.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments.

The USA based company Cousins Properties Incorporated moved with change of -3.28% to $27.76 with the total traded volume of 1210071 shares in recent session versus to an average volume of 890.60K shares. The stock was observed in the 5 days activity at -6.75%. The one month performance of stock was -8.95%. CUZ’s shares are at -8.89% for the quarter and driving a -25.83% return over the course of the past year and is now at -32.62% since this point in 2018.  Right now the stock beta is 0.85. The average volatility for the week and month was at 4.34% and 3.19% respectively. There are 148.55M shares outstanding and 147.38M shares are floated in market.

Stock in News Spotlight: Tempur Sealy International (NYSE:TPX)

Tempur Sealy International (NYSE:TPX) stock experienced trading -7.44% off 52-week high price. On the other end, the stock has been noted 322.36% away from low price over the last 52-weeks. The stock disclosed a move of 14.37% away from 50 day moving average and 27.86% away from 200 day moving average. Moving closer, we can see that shares have been trading 8.07% off 20-day moving average. It has market cap of $4.76B.

On Sept. 14, 2020, Tempur Sealy International (NYSE:TPX) reported that quarter-to-date order trends have improved from previous expectations and the Company now estimates total third quarter net sales to grow more than 30% compared to prior year. The change in expectation was primarily driven by improving order trends on U.S. Tempur-Pedic products. The Company continues to experience capacity constraints for U.S. Sealy products, including supply chain limitations outside the Company’s control. The Company is working closely with suppliers to find solutions for component shortfalls to support the elevated U.S. Sealy demand.

Tempur Sealy Chairman and CEO Scott Thompson stated, Over the last five years, we have made tremendous progress in strengthening the foundation of our Company. The strong foundation we have in place with our brands, products, operations and people have positioned us well to capitalize on industry growth for years to come.

Thompson continued, We continue to see strong growth that is broad-based across geographies and channels. Tempur-Pedic branded products are now growing materially higher than the growth on Sealy products in the U.S. which has raised our profit expectations for the quarter. Free cash flow has also been strong and our confidence in positive industry trends has increased. Accordingly, in September, we are using operating cash flow to repay the $200 million 364-day incremental Term Loan we closed in the second quarter. This repayment will remove certain restrictions on share repurchases and dividends and result in an annual interest saving of approximately $5 million. Additionally, with this improved outlook, we expect to reach the higher end of the payout under our long-term aspirational plan at the end of the third quarter.

The USA based company Tempur Sealy International moved with change of 8.39% to $92.92 with the total traded volume of 1528565 shares in recent session versus to an average volume of 616.14K. The stock was observed in the 5 days activity at 12.37%. The one month performance of stock was 6.41%. TPX’s shares are at 39.02% for the quarter and driving a 18.38% return over the course of the past year and is now at 6.73% since this point in 2018.  Right now the stock beta is 2.08. The average volatility for the week and month was at 3.88% and 3.39% respectively. There are 51.60M shares outstanding and 50.86M shares are floated in market.

Industrial Tech Acquisitions, Inc. Sets the Prices of its $75 Million IPO

Industrial Tech Acquisitions, Inc. (NASDAQ:ITACU) has priced its projected initial public offering of 7,500,000 at a public price of $10.00 per unit. Each unit issued in the Industrial Tech Acquisitions IPO is equal to one share of Class A common stock and a warrant which allows the its holder a Class A common stock share at an exercise price of $11.50 per share.

Maxim Group LLC has role of sole book-running manager for this IPO. To cover any over-allotments, the Company has also allowed a 45-day option to the underwriters to purchase up to 1,125,000 additional units at the same price of the initial public offering.

The company’s offered units will be listed on The NASDAQ Capital Market on opening of September 9, 2020 market with the symbol of “ITACU”. After the start of units trading as separate securities, company’s Class A common stock shares and warrants will trade on NASDAQ under the symbols “ITAC” and “ITACW”, respectively.

SEC has made a registration statement relating to the securities effective on September 8th, 2020.  The company is concluding the offering on the basis of only a prospectus. The company has made the copies of prospectus for the investors via the contact with Maxim Group LLC, 405 Lexington Avenue, New York, New York 10174. While the copies of the registration statement are accessible through the SEC’s website at www.sec.gov.

Industrial Tech Acquisitions, Inc. a blank check company and Special Purpose Acquisition Company SPAC, involved in setting up mergers, share exchange, asset acquisitions, share purchases, reorganizations or similar business combination with one or more businesses or entities.

ePac Flexible Packaging and RePurpose Technologies Partner to Solve Plastics Waste Crisis

ePac Flexible Packaging and RePurpose Technologies have joined hands to solve the crisis related to discarded plastic waste in which 9 out of 10 pieces pollute the environment. Both companies announced a partnership to move into the project. ePac Flexible Packaging is first company based on HP provided breakthrough digital printing while RePurpose Technologies (RPT) is provides the engineered product solutions through purpose-driven recycling.

There is a community-based model having recurring nature that comes with solution which is viable economically and in terms of transparent solving the grave problem related to the overflowing landfills.

ePac works in 18 packaging facilities in the US, United Kingdom, and Indonesia that are community-based. ePac engaged in supporting the growth of small and medium-sized companies. Digital printing basically can serialize every package produced with a unqiue code that helps in tracking the package from the production to reuse.

Data can be collected by using IoT and Blockchain technology which can provide tracking information to brands and retailers and can also help in educating the consumers about their use of package and motivating them to exercise a sustainable lifestyle.

Platform of RPT works in direct consumer engagement and allows traceability which helps in ensuring that no plastic is left behind. RPT uses the proprietary formulations and a patented technology for manufacturing the high demand products of co-mingled plastics.

With the help of partnership, ePac and RPT are purposed to create replicable recycling facilities that will start working on it in 2021 to make a circular community-focused solution. The tracking and trace facility for every package will allow bringing the supply chain transparency for all the parties involved with the value chain.

RePurpose Technologies CEO, Claudine Osipow said, “I’m excited to be a part of the team and the collaboration with ePac that allows everyone to take action and be part of the solution.”While ePac’s CEO, Jack Knott added, “The reason we started ePac was to play a small part in rebuilding our communities; our relationship with RPT will allow us to continue in that direction with a reliable, sustainable, and transparent solution”.

Taat Lifestyle & Wellness Closes a Tranche of Previously Announced Non-brokered Private Placement

TAAT LIFESTYLE & WELLNESS LTD. has closed the first tranche of previously announced non-brokered private placement with gross proceeds totaling $2,603,303.70. The company has completed 3,719,005 units at the price of $0.70 per Unit. Each Unit is equal to one share and a half transferable Share purchase warrant. Now the holder of Warrants has the right to purchase one additional Share of the Company against each Warrant at the price of $1.00 per Share for next one year from the closing date.

The company stated that now after the closing if its Shares closing price on the Canadian Securities Exchange stays$1.25 or over during a period of 5 consecutive trading days, the Issuer has right to accelerate the expiry date of the Warrants after a notice to the holders and according to the terms the Warrants used to expire on the thirtieth day after the notice to the holders.

In connection with the closing of First Tranche, Taat has paid the finder’s fees as to arm’s length third parties totaling $132,551.03 in cash, 121,000 in Shares and 12,090 in Warrants and include the exercise price of $1.00 per share on each additional Share purchase on company’s each provided warrant for 12 months time period from the closing.

Taat will use the net proceeds received from the closing of First Tranche for the marketing, development and launch of the upcoming product, funding investor relations activity, and for general working capital purposes.

CHF Solutions, Inc. Closes the Underwritten Public Offering and Full Exercise of Over-Allotment Option

To collect the gross proceeds of $14.37 million, CHF Solutions, Inc. (NASDAQ:CHFS) has closed its underwritten public offering of units. The gross poceeds includes the full exercise of over-allotment option of underwriter who were allowed to purchase additional shares and warrants. These gross proceeds are concluded  without deducting the underwriting discounts and commissions and offering expenses payable by CHF Solutions.

The company had priced the offering  at a public offering price of $0.45 per unit and the offering was is comprised of Units not directly on shares where each unit comprises of one share of common stock and provides a warrant to buy each common stock share  for exercise price of $0.45 per share. These shares are projected to expire five years following the date of issuance.

For the offering, Ladenburg Thalmann & Co. Inc. has role of sole book-running manager. Maxim Group LLC is hired for the work related co-manager.

The company offered a total of 31,940,324 shares from the common stock and provided up to 31,940,324 shares of common stock for warrants to purchase and the offering also includes the full exercise of over-allotment option.

The company offered the securities in line with its registration statement that it provided on Form S-1. United States Securities and Exchange Commission declared it effective on August 18, 2020.

Allied Electronics & Automation Adds More Product Lines from Koyo, POBCO, Fresh-Aire UV, CW Industries, and Bihl+Wiedemann

Allied Electronics & Automation has announced the addition of more than 10,000 new product lines and valuing about $3.5 million in inventory and 30 new suppliers as part its continuous expansion plan related to its vast range of ready-to-ship products.

Allied aims to further expand its offerings of products related to switching, connectors, tooling, thermal management equipments, industrial control components and safety equipment by adding more products from brands of Koyo, POBCO, Fresh-Aire UV, CW Industries, and Bihl+Wiedemann to its existing offering of over 450 world-class suppliers.

Bearings includes Koyo as a leading global brand which is a JTEKT Corporation division. The company is capable in engineering and manufacturing with the product range from super large bearings having outer diameters of seven meters to miniature bearings with inner diameters as small as one millimeter.

POBCO is a manufacturer and distributor of conveyor components and makes the friction-reducing parts for conveyors as well as other machinery for the food, beverage, packaging, agricultural, medical, and pharmaceutical. Other categories include amusement park, fitness, material handling, marine, chemical, textile and labeling industries.

Fresh-Aire UV is a leading innovator in indoor air quality field with UV light and carbon products. Bihl+Wiedemann is the developer and manufacturer of complete automation solutions related to the functional safety and data communication that works on machines and plants.

CW Industries is involved in supplying global industrial, consumer and defense electronics manufacturers.

Copper Reef Mining Corporation Announces the Change of Name to Voyageur Mineral Explorers Corp.

Copper Reef Mining Corporation announced the about the changing of its name to Voyageur Mineral Explorers Corp. Now company’s new symbol will be (VOY) and the common shares of the company will be traded on the Canadian Securities Exchange under new symbol on August 19, 2020.

The company will highlight different minerals contained in its land package. In particular, the Company has plans to start advancement in gold projects during upcoming months and years.  The Company is already developing a new website and logos and business icons to showcase in coming weeks. With the new name and plans of advancement in gold projects managment of the company will work for beginning the next phase of the Company’s developments.

The company’s President and CEO, Brian Howlett said, “Management of the Company is very excited to begin the next phase of the Company’s evolution.  We are focusing the Company to highlight the different minerals contained in our land package.  In particular, the Company’s gold projects will be advanced in the months and years to come.  The Company is also developing a new website and image that will be showcased in the coming weeks.”

Being a Canadian junior mineral exploration company, Voyageur has focus on the operations of mineral properties in Northwest Manitoba and Northeast Saskatchewan, all of these properties are currently in exploration stage.

The Company has assembled a portfolio of base metal and precious metal prospects, all of which are 100 percent owned, with no option payments or work commitments to third parties.

Stock News Spotlight: Aridis Pharmaceuticals (NASDAQ:ARDS)

Aridis Pharmaceuticals (NASDAQ:ARDS) stock identified change of 88.98% away from 52-week low price and recently located move of -42.09% off 52-week high price. It has market worth of $63.05M. ARDS stock has been recorded 5.18% away from 50 day moving average and 14.48% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.95% off 20-day moving average.

On Aug. 11, 2020, Aridis Pharmaceuticals (NASDAQ:ARDS) a biopharmaceutical company focused on the discovery and development of novel anti-infective therapies to treat life-threatening infections,  released financial and corporate results for the second quarter ended June 30, 2020.

Second Quarter Highlights and Recent Developments

  • Reported positive safety data in the healthy subject (Phase 1) portion of AR-501’s Phase 1/2a clinical trial for treating chronic lung infections in patients with cystic fibrosis (CF). Safety and efficacy results from the Phase 2a portion in CF patients expected in 2H 2021
  • Continued enrolling Phase 3 global clinical trial of AR-301 in patients with ventilator associated pneumonia (VAP) including patients who presented with VAP secondary to ventilator placement for COVID-19. Interim data expected in 2H 2020; full data in 2H 2021
  • Directed ʎPEX™ platform’s discovery capabilities towards treatments for pulmonary infectious diseases given the on-going COVID-19 pandemic
  • Initiated mAb discovery and IND enabling studies for AR-701, a potential treatment or prophylaxis for COVID-19, ʎPEX’s first fully human mAb cocktail directed at multiple envelope proteins on SARS-CoV-2
  • Bolstered leadership team with appointment of Dr. Hasan Jafri as Chief Medical Officer
  • Enhanced corporate profile by participating in leading healthcare dedicated investor forums

The Healthcare sector company, Aridis Pharmaceuticals noticed change of -5.51% to $7.18 along volume of 2370 shares in recent session compared to an average volume of 10.36K. The stock observed return of 0.02% in 5 days trading activity. The stock was at -5.62% over one month performance. ARDS’s shares are at -16.01% for the quarter and driving a -10.46% return over the course of the past year and is now at 61.38% since this point in 2018.

The average volatility for the week at 7.60% and for month was at 10.50%. There are 8.92M shares outstanding and 5.20M shares are floated in market.