Stocks Faring Away From Broker’s Choice: Uni-Pixel (NASDAQ:UNXL), PayPal Holdings (NASDAQ:PYPL)

Uni-Pixel, Inc. (NASDAQ:UNXL) [Trend Analysis] luring active investment momentum, shares a loss -10.65% to $1.51. UniPixel, Inc. (UNXL) reported that it has entered into a financing contract for $3 million of convertible, redeemable Preferred shares. The fixed conversion price of the Preferred shares is set at $1.50, subject to potential adjustments which primarily do not arise until after 90 days.

The financing contract also includes 2,500,000 warrants priced at $1.50 which will have a single price-only reset feature after six months which will reset the warrant price to 93% of the lowest conversion price during the six-month period but will only reset if the price is below $1.50. All of the Preferred shares must be fully converted or redeemed within twelve months from closing.

UniPixel has the right to convert any portion of the Preferred shares to the investor by the issuance of common stock so long as the company’s stock price is at least $1.50, or, at any time, to redeem in cash equal to 125% of the financing. After the first 90 days, the investor will be permitted to convert the Preferred shares into shares of common stock at the investor’s choice, at a price equal to 93% of the common share value on the day preceding any conversion. The total volume of 361256 shares held in the session was surprisingly higher than its average volume of 282.92 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 3.40%, and looking further price to next year’s EPS is 62.90%. While take a short look on price to sales ratio, that was 21.14.

Several matter pinch shares of PayPal Holdings, Inc. (NASDAQ:PYPL) [Trend Analysis], as shares plunging -0.02% to $41.34 with a share volume of 152397. GlancyProngay& Murray LLP reported that a class action lawsuit has been filed against PayPal Holdings, Inc. (PYPL), and PayPal’s former parent company, eBay, Inc. (EBAY), on behalf of investors who: 1) purchased or otherwise acquired eBay securities on the open market on or after December 19, 2013 and subsequently received PayPal securities pursuant to eBay’s spin-off of PayPal, effective as of July 17, 2015; and/or 2) purchased or otherwise acquired PayPal securities on the open market between July 20, 2015 and April 28, 2016, inclusive.

PayPal investors have until February 27, 2017 to file a lead plaintiff motion.The Complaint filed in this class action alleges that during the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about its business, operations, and prospects.

Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: 1) PayPal’s Venmo service was allegedly participating in unfair trade practices; 2) the announcement of the above allegations was likely to affect PayPal’s profit on its Venmo service and/or 3) PayPal’s public statements were materially false and misleading at all relevant times. The stock is going forward its 52-week low with 35.45% and moving down from its 52-week high price with -7.14%. To have technical analysis views, liquidity ratio of a company was calculated 1.50 as evaluated with its debt to equity ratio of 0.00. The float short ratio was 2.72%, as compared to sentiment indicator; Short Ratio was 3.99.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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