Fresh Healthy Vending International, Inc. (OTCQB: VEND) share volume soared Feb. 25, with 2,346,011 shares changing hands, more than four times its three-month average volume of 529,240 shares.
Moves To Acquire Micro-Markets Division
The surge in volume and share price is being fueled by the San Diego-based vending machine company’s move Feb. 24 to acquire Micro-Markets Division from Corporate Refreshment Services LLC.
Here’s an excerpt from Fresh Healthy Vending’s press release on the proposed acquisition:
Fresh Healthy Vending entered into a non-binding term sheet for the acquisition of an integrated micro-market platform and all existing micro-market assets and operations from Corporate Refreshment Services, LLC (CRS). The assets purchase will include all micro-market operations and assets belonging to CRS including, but not limited to, all micro-market locations, inventories, accounts receivable, software, systems and intellectual property.
Upon closing of this proposed purchase, Fresh Healthy Vending plans to rapidly increase the number of company-owned micro-markets in the San Diego area. Additionally, the “company expects to begin offering the integrated micro-market platform to all existing and prospective franchisees.
Fresh Healthy Vending executives describe the soon to be Fresh Micro-Market as "a mini whole foods for the office break room.” A micro-market is an unstaffed, self-checkout, mini food store that integrates seamlessly into an office space.
Free to businesses that meet minimum qualifications, micro-markets are a great option for workplaces that want to
On Feb. 25, VEND shares closed at $7.93 up 68 cents from its closing price of $7.25 the previous day.
Find out what could be the best investor’s move when it comes to VEND by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Avid Technology Share Price Recovers Some
Avid Technology Inc. (OTCPINK: AVID) stock volume shot through the sky like an exploding volcano, with 6,674,710 shares changing hands, more than 20 times its three-month average volume of 328,658.
This uptick in volume and share price comes just one day after Avid Technology’s share price plunged 28.76% to $4.93 after it announced its NASDAQ delisting.
The digital-media content company said as expected it received a notification letter from NASDAQ indicating that the NASDAQ Listing Qualifications Hearings Panel had determined to delist the shares of the company from The NASDAQ Stock Market and, accordingly, suspend trading in the company’s shares effective at the open of business on Tuesday, Feb. 25, 2014.
Avid added that it intends to complete the restatement and regain compliance with its SEC filing requirements as soon as practicable
While that may never happen, the fact that Avid has some popular and high-quality products geared toward musicians may help it weather its current storm.
On Feb. 25, AVID shares closed at $6.02 up $1.09 from its closing price of $4.93 the previous day.
Find out what could be the best investor’s move when it comes to AVID by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Spring Optimists Fueling Freddie Mac
Freddie Mac’s (OTCQB: FMCC) shares soared Feb. 25, with more than 15,813,145 shares changing hands, more than twice its three-month average volume of 6,527,403.
Since there is has been no news on Freddie Mac recently, some industry experts believe the surge is bring fueled by some pent-up optimism about the housing market, which is moving in tandem with the current bull stock market.
Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Some experts predict that after this hard, cold winter consumer buying, as well as home buying will explode.
They say this optimism is currently fueling Freddie Mac’s volume and share price.
Conversely, other industry experts believe the stock market is in a bubble, which will soon burst, putting a slowly recovering housing market in jeopardy. Spring is coming, so we won’t have to wait long to see which experts are correct.
On Feb. 25, FMCC shares closed at $3.78 up 46 cents from its closing price of $3.44 the previous day.
Find out what could be the best investor’s move when it comes to FMCC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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