Majesco Entertainment Company (NASDAQ:COOL) [Trend Analysis] climbed reacts as active mover, shares a gain 63.61% to traded at $5.17 and the percentage gap between open changing to regular change was 31.33%. Majesco Entertainment Inc. (COOL) declared that it signed a definitive merger contract with PolarityTE Inc.Upon the closing of the transactions, Polarity will become a wholly-owned subsidiary of Majesco. Majesco will issue preferred stock in the transaction which, when converted, would represent approximately 50% of the issued and outstanding common stock of Majesco on a fully diluted basis.
In connection with the merger contract, Majesco also entered into stock purchase contracts for the purchase of 750,000 shares of common stock at a purchase price of $3.00 per share to accredited investors for gross proceeds of $2.25 million.Polarity is an entirely new and radically unique regenerative medicine company committed to developing the first forms of functionally-polarized autologous tissues for use in medical procedures requiring reconstructive applications by surgeons and wound care specialists. The firm’s current ratio calculated as 4.40 for the most recent quarter. The firm past twelve months price to sales ratio was 8.42 and price to cash ratio remained 2.14. As far as the returns are concern, the return on equity was recorded as 501.70% and return on investment was -48.30% while its return on asset stayed at -109.10%.
QUALCOMM Incorporated (NASDAQ:QCOM) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.31% to $68.55. Qualcomm Challenges Intel Chip leadership with 10NM server and Windows 10 Announcement . While has been dominant in PCs and datacenter, their two biggest income earners, the company has struggled to gain a foothold in mobile.
This problem has been exacerbated by the growth of smartphones and tablets, both of which do not run on Intel’s processors and in some cases, replace devices that would use Intel processors. This has been the area where ARM holdings and their partners have successfully chipped away at Intel, with one especially big player making major strides, . The share price of QCOM attracts active investors, as stock price of week volatility recorded 2.07%. The stock is going forward to its 52-week low with 68.09% and lagging behind from its 52-week high price with -3.54%.