On Wednesday, August 10th, Wall Street saw little changes off the open as investors paused following a day when the S&P 500 and the Nasdaq both hit record highs. With that being said, there are four companies that we feel you should be watching during the month of August who haven’t seemed to let the historically “slow” summer months get to them. These four companies are seeing relatively high volume and significant price movement: Life Clips Inc (OTCMKTS:LCLP), Clean Energy Fuels Corp (NASDAQ:CLNE), Everi Holdings Inc (NYSE:EVRI), and Pixelworks, Inc. (NASDAQ:PXLW).
Life Clips Inc. (LCLP) is a developer of action cameras and accessories. The company recently announced on August 4th that they have closed on 400,000-unit distribution agreement with Barak Corporation Spain for its’ Mobeego product within Spain and Portugal. A few days prior on August 1st, Life Clips released a press release announcing they have signed a distribution agreement with Shepherd LTD., expanding their reach with Mobeego into the Greater China region.
Life Clips CEO, Bob Gruder states, “This is another big step for Life Clips® and the Mobeego brand,” he added, “This falls in line with our original plans to further establish distribution channels both in the U.S and abroad.”
LCLP over the last 30 trading days has a price per share movement of 41.70% seeing lows of $0.30 late July to Wednesday, August 10th, opening price of $0.425.
Clean Energy Fuels Corp (NASDAQ:CLNE) is the largest producer of natural gas fuel for transportation in the U.S. On Tuesday, August 9th, the company announced they have delivered 82.9 million gallons in Q2 2016, an 11% hike from the 74.4 million gallons delivered over the same time last year. They also reported revenue amounting to $108 million for Q2 2016, approximately a 24% gain from $86.9 million for Q2 2015.
The company’s President and CEO Andrew J. Littlefair quoted, “We had another strong quarter with positive Adjusted EBITDA and continued improvements to our capitalization. We believe the increasing attention to the immediate favorable environmental impacts of natural gas and particularly our Redeem renewable natural gas, coupled with growing volumes through customer fleet expansions and increased market penetration, are coming through in our operating results.”
Since the beginning of this week’s trading, CLNE has notched in a pps increase of 23.36% from Tuesday August 9th’s closing price of $2.91 to Wednesday, August 10th morning daily high of $3.59.
Everi Holdings Inc (NYSE:EVRI) is a video and mechanical reel gaming content and technology Solutions Company that on August 9th released their second quarter 2016 results. The company reported a 4% increase in revenues during the second quarter to $214 million from $206.4 million over the same quarter of 2015.
Michael Rumbolz, President and Chief Executive Officer of Everi, stated, “While our second quarter results demonstrate progress across our business, they only represent the beginning stage of our execution. We are working tirelessly to perform against the objectives identified earlier this year. Most importantly, we continue our efforts to achieve further progress with our growth initiatives. We are increasing our product library and enhancing our games with features that improve profitability for our customers.”
Over the last three weeks of trading for EVRI, the stock has jumped 47.30%. The stock posted lows of $1.46 on July 13th and saw highs during Wednesday morning’s trading session of $2.15.
Pixelworks, Inc. (NASDAQ:PXLW) an innovative provider of video display processing technology, has seen a 47.64% increase in price per share over the last two weeks of trading. PXLW reached lows of $1.91 on July 29th to daily highs on Wednesday, August 10th of $2.82. The increase was ignited by the company’s Q2 2016 results released on July 28th, 2016. The company reported a 12% increase in revenues at $12.6 million for Q2 2016 compared to $11.2 million reported in Q1 2016.
“Our second quarter results exceeded expectations across all metrics, reflecting the team’s strong execution as well as the benefits of our recent restructuring and cost reduction efforts,” commented Todd DeBonis, president and CEO of Pixelworks.