It seems like everyone is still lamenting over the most recent political debates, which pitted Democrat, Hillary Clinton up against Republican Donald Trump, this week. Personally I’m tired of hearing about it already and the major focus remains on the markets (which The Donald says are falsely inflated). In any case, we see several stocks to watch today heading into the second half of the week including xG Technology Inc (NASDAQ:XGTI), Origin Agritech Ltd.(NASDAQ:SEED), and Progressive Care Inc. (OTCPK:RXMD)
xG Technology Inc (NASDAQ:XGTI), is up almost 20% this morning on a second consecutive day of above average volume. The company announced last week that it will be holding a special meeting of shareholders and it will be adjourned to October 3 of this year. Over the course of the last few months, the stock has tumbled, however over the last two days, shares of XGTI have rallied to highs of nearly $0.40 to mark an increase of over 50% from Tuesday’s lows ($0.251).
Origin Agritech Ltd.(NASDAQ:SEED) has been on fire since making a post market announcement on Tuesday that the company would be selling off its commercial seed production and distribution business for some $60million. The terms of the deal state that the acquiring party will enter into a separate licensing agreement or agreements to pay SEED a royalty stream for the present and future product portfolio and a technology access fee for the research and developments effort that SEED provides going forward. Shares are up nearly 50% from last Friday’s lows after hitting highs on Wednesday of $3.19
Progressive Care Inc. (OTCPK:RXMD) continues to remain on the radar. Reports from the company’s twitter account show more progress on the recently announced commercial construction to expand the company’s PharmCo Pharmacy. As of the most recent announcement, RXMD stated that it had been granted a new pharmacy license in Illinois. This marks the 9th state that the company will be licensed in. Over the last few weeks the company’s stock has been trading in a range between $0.028 and $0.033. During the last three months, shares of Progressive Care have seen levels as high as $0.0539.