TechStockInsider.com Briefing: Stocks traded higher on Thursday morning as Brexit angst at least from the US perspective seems to have subsided a bit. The market has rallied back this week following a tumble after Britain announced that it could be leaving the EU. The Dow Jones gained over 100 points at 17,807 and the NASDAQ climbed over 20 points to over 4,800 on Thursday. Beat down bank stocks also saw a rebound after the Federal Reserve gave clearance to raise dividends and buy back shares, late Wednesday. And with growing bullish sentiment in the market, we’ve identified four stocks that are commanding attention and climbing in price.
Yesterday MGT Capital Investments (NYSE: MGT ) announced that it has hired the development team of E-Tagged. This includes Robert Rogers and Joshua Kowalchuk. The goal of this will be to commercialize the E-Tagged Mobile device tracking technology and under the terms of the agreement, MGT will assume control over the E-Tagged technology as well as the IP developed. This morning the company announced the details of its initial phase of a large-scale bitcoin mining operation that would position the company as a leader in Blockchain technologies.
Of course just as with previous announcements, this latest series has boosted the interest of the market. Shares traded highs on Thursday up 13.6% in early morning trading. Since consolidating from its first big run to $5.58, MGT has come up significantly from lows of $2.23 to highs today of $4.59 representing a rebound by as much as 105.8% continuing this latest bull rally.
Life Clips, Inc. (OTC: LCLP) has also been gaining the attention of the street this week. On Monday the company released a shareholder update, which highlighted several key developments for the company. Many of these can be considered several of the catalysts, which […]
