Tech Stock Insider is issuing a report on four stocks to watch. Eleven Biotherapeutics Inc (NASDAQ:EBIO), Life Clips Inc (OTCBB:LCLP), xG Technology Inc (NASDAQ:XGTI), and CBIS have been added to our watch list today. Continue reading to find out why. – To get daily alerts on top stocks, subscribe to our newsletter at TechStockInsider.com.
Eleven Biotherapeutics Inc (NASDAQ:EBIO) has reacted positively this morning to several announcements made over the last week. On Friday (4/29) EBIO made comment on having a presentation and several posters selected to be presented at the Association for Research in Vision and Ophthalmolog annual meeting held this week. Following the presentation of data, the stock has begun to climb. On Monday May 2 EBIO opened at a price of $0.78 and has since made a move up in price as high as $1.55 on Wednesday morning. Life Sciences Company, Interleukin Genetics, Inc., made a point to announce that EBIO’s new data that has been presented may indicate that the utilization of the company’s IL-1 genetic patterns may facilitate clinical development and commercial deployment of IL-1 inhibitors and drugs operating downstream of it. Find more information on EBIO’s trials here.
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Life Clips Inc (OTCBB:LCLP) has recently begun to see an increase in price and volume on Wednesday. Prior to today, the stock’s 3 month average volume was trending just over 33,000 shares per day. On Wednesday the stock has already traded more than 55,000 shares before the lunch hour. On Tuesday the company came out with one of its bigger announcements to date and released information stating that Life Clips has signed a binding LOI to purchase Batteryfly Energy, LTD. One of the bigger facets of this transaction will give LCLP access to Batteryfly’s Mobeego device; a one time use charging device roughly the size of a normal battery. The stock has reacted with an increase of nearly 11% before noon on Wednesday. To our knowledge, this could be a first to market product as it is designed for on-the-go use as a completely untethered solution to a dying battery in things like mobile phones, cameras, and smart devices. Download The Full LCLP Report Here
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xG Technology Inc (NASDAQ:XGTI) has seen a large increase in price this week having moved from an open of $0.088 on Monday (5/2) to highs of $0.165 on Tuesday (5/3). Having pulled back on Wednesday morning, shares of XGTI have traded relatively sideways during the first few hours of the market open. As of late the company has targeted the growing drone industry having just recently debuted its HD Wireless Video Transmitter for drones at the NAB 2016 Show. Similar to LCLP, recognizing the growth in the action camera and action hobby industry has brought rise to new advancements like this and LCLP’s Mobeego device. LCLP has also taken aim at the action camera space. Read The Full Report, Here to See How.
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Cannabis Science Inc (OTCMKTS:CBIS) has taken another step in addressing the growing interest in further legalization efforts and the latest decision by the US DEA to “ok” clinical trials on the effectiveness of smoked marijuana as a treatment option for things like PTSD. Cannabis Science has taken on consistent approach to treating a number of illnesses by utilizing the therapeutic affects of cannabinoids on the body. Even though the stock has seen a sharp decline throughout the month of April, tumbling from highs of $0.0246, shares have begun to rebound on Wednesday morning. Since hitting lows on Tuesday (5/3) of $0.0135, prices have rebounded by as much as nearly 30% after hitting highs of $0.0175 during the early morning session. Click Here to view the 3month chart of CBIS
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Disclosure: The information, opinions and analysis contained in this report are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We do not accept any responsibility or liability for any losses, damages or costs arising from an investor’s or other person’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities, nor a recommendation of any security. Past gains are not representative of future gains. MIDAM VENTURES, LLC owner and operator of TechStockInsider.com was paid an advertising fee of $75,000 cash & ZERO Restricted Common shares by Life Clips, Inc. (LCLP) for visual sponsorship of TechStockInsider.com and for visual placement Life Clips, Inc. (LCLP) within written materials. FOR A DURATION OF 30 DAYS Beginning 5/4/2016. & ending 6/3/2016. Tech Stock Insider has not been compensated nor does it expect to receive any compensation for distribution of its opinions and publicly available information regarding EBIO, CBIS, or XGTI in this investment opinion article at this time. The opinions contained herein contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. When used herein, the words “anticipate,” “intend,” “estimate,” “believe,” “expect,” “plans,” “should,” “potential,” “forecast,” and variations of such words and similar expressions are intended to identify forward-looking statements. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. A company’s actual results could differ materially from those described in any forward-looking statements contained herein. Tech Stock Insider is not a licensed broker, broker dealer, market maker, investment advisor, analyst or underwriter. We recommend that you use the information found herein as an initial starting point for conducting your own research in order to determine your own personal opinion of the companies discussed herein before deciding whether or not to invest. You should seek such investment, tax, financial, accounting or legal advice appropriate for your particular circumstances. Information about many publicly traded companies and other investor resources can be found at www.sec.gov. Investing in securities is speculative and carries risk. Please visit http://techstockinsider.com/content/terms-and-conditions-use/ website for a more detailed discussion of risks and disclosures.
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