Stocks Hitting New Highs Ahead Of The Presidential Election
The “Clinton v Trump,” “Democrat v Republican,” and FLOTUS v FLOTUS continue to riddle the news wires this week, just days before the 2016 Presidential race will come to an end. Speculation continues to rise amidst buzz of rate hikes and jobs numbers. But while strategists and economists clash over the impact that the election will have on U.S. markets, there are several stocks that have maintained steady uptrends, weathered volatility, and have even managed to inch toward new session highs. These include American Cannabis Company Inc (OTCMKTS:AMMJ), Exolifestyle Inc (OTCMKTS:EXOL), Amyris Inc (NASDAQ:AMRS), and InspireMD Inc (NYSEMKT:NSPR).
A quick glance at a 4 week chart and its easy to see that American Cannabis Company Inc (OTCMKTS:AMMJ) has managed to captivate considerable interest. On Tuesday the stock soared to highs of $2.00 during the first half of the trading session. This company has recently gotten caught in the frenzy that many companies within the marijuana sector have seen ahead of the election. Speculation has been abuzz as many stocks in the space rise. Over the last few weeks shares of American Cannabis have increased from $0.20 to Tuesday’s highs, which also marked new 2-year highs for the stock.
Exolifestyle Inc (OTCMKTS:EXOL) has also seen its fair share of positive movement having jumped over 160% since Mid October. The company has recently announced that Rogue Fitness HQ will be one of the company’s major USA Distributors for their brand of knee wraps and knee sleeves. In a statement, President Randy Romano said, “We currently have received several purchase orders from Rogue Fitness and as a result of increasing our inventory recently we are now able to fulfill these purchase orders. Rogue Fitness is one of the largest wholesalers and distributors in the business and we are extremely excited to have them on board as a distributor.”
Having been on the rise since mid-September, Amyris Inc (NASDAQ:AMRS) has managed to climb as high as $1.21 during the month of October. After consolidating to as low as $0.96 last Friday, shares have rebounded by as much as 12.5% following November’s high of $1.08. The company announced on Monday that management will be presenting its detailed update on recently announced collaborations as well as the forward outlook for the company via a scheduled investor day in New York. The company focuses on innovative bioscience solutions to convert plant sugars into hydrocarbon and produce special ingredients & consumer products.
InspireMD Inc (NYSEMKT:NSPR) has been one of the most active stock on Tuesday having traded nearly 10 times its three month average. The company announced this morning that 12-month follow up data from PARADIGM-101 of the CGuard Embolic Prevention System were presented at the Transcatheter Cardiovascular Therapeutics 2016 scientific symposium this week. The company revealed that there was zero device related adverse events at 12 months and showed that vessel narrowing was reduced. The markets reactions seems to have been positive as the share price rose to highs of $4.39 and marked an intra day move of 167.7%.