Momentum Stocks Try To Beat Views: MeetMe, Inc. (NASDAQ:MEET), SanDisk (NASDAQ:SNDK)

MeetMe, Inc. (NASDAQ:MEET) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.40% to $5.81. MeetMe, Inc. (MEET) reported that its intention to offer shares of its common stock in an underwritten public offering. MeetMe expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering to cover overallotments, if any. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

CanaccordGenuity Inc. and Roth Capital Partners are acting as joint-book-running managers and Northland Securities, Inc. is serving as co-manager. MeetMe intends to use the net proceeds from the offering for working capital and other general corporate purposes, including potentially to fund a portion of the consideration for the pending if(we) acquisition, and other potential future acquisitions. The share price of MEET attracts active investors, as stock price of week volatility recorded 5.21%. The stock is going forward to its 52-week low with 114.39% and lagging behind from its 52-week high price with -28.36%.

SanDisk Corporation (NASDAQ:SNDK) [Trend Analysis] revealed that “the next level in flash technology” with the launch of its newest products for the Indian market – the Extreme Pro and Extreme Go USB flash drives and SanDisk Ultra 256GB microSD card. The Extreme Pro is priced at Rs. 8,490 for 128GB and Rs. 13,990 for 256GB, while the Extreme Go is offered at Rs. 3,990 for 64GB and Rs. 5,990 for 128GB – both will be accessible on Amazon India and select retail outlets.

The SanDisk Ultra 256GB microSD card is priced at Rs. 18,990 and will be accessible from April 1 at retail outlets. The products were first unveiled at CES 2017.The USB drives were launched boasting of SSD speeds. The SanDisk Extreme Go USB 3.1 flash drive comes in 64GB and 128GB storage capacities with up to 200MBps read speed and 150MBps write speeds, while the Extreme Pro USB 3.1 Solid State flash drive is being offered in 128GB and 256GB options with read speeds up to 420MBps and write speeds of up to 380MBps.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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