Arotech Corporation (NASDAQ:ARTX) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -3.28% to 2.95 with around 1.08 Million shares have changed hands in this session. FAAC Incorporated, a part of Arotech Corporation’s Training and Simulation Division (ARTX), reported that it has received a sole source $9.5M indefinite-delivery/indefinite-quantity award from the U.S. Air Force. The scope covers updates to F-16 Common Weapon Engagement Zones based upon FAAC’s Zone Acquisition Process (ZAP) technology.
The contract period of performance is through March 2022. Two task orders were issued upon award valued at 2.32M. “Currently adopted by all U.S. fighter aircraft, our ZAP technology provides aircrew accurate weapon employment information in all engagement conditions,” said Kurt Flosky, FAAC’s President. “This effort continues our support of the F-16 community in advancing the capabilities of its on-board software.” The stock is going forward its fifty-two week low with 31.11% and lagging behind from its 52-week high price with -41.00%.
Similar, the positive performance for the quarter recorded as -22.37% and for the year was 13.46%, while the YTD performance remained at -15.71%. ARTX has Average True Range for 14 days of 0.27.
International Business Machines Corporation (NYSE:IBM) [Trend Analysis] retains strong position in active trade, as shares scoring 0.03% to $175.70 in active trade session, while looking at the shares volume, around 2.44 Million shares have changed hands in this session. IBM (NYSE:IBM) reported that Harry & David®, a leading provider of premium gift-quality fruit, gourmet food products, is adopting a full suite of Watson Consumer Engagement solutions on the IBM Cloud including cognitive capabilities designed to help connect consumers with the perfect gift at the perfect time.Last year Harry and David’s parent company, 1-800-FLOWERS.COM, Inc. introduced the world to ” GWYN”, a Watson-powered gift concierge that helps consumers sift through more than 7,000 products to find the perfect gift.
Given the success of GWYN–80% of consumers asked had a positive experience and wanted to use it again–the company is expanding GWYN’s capabilities to Harry & David. Thus, consumers will be able to interact online with GWYN using Watson’s natural language API to find the right item, from fruits to chocolates and baked goods, for the right person at the right time. This personalized and interactive consumer experience is designed to provide consumers with an enhanced shopping experience powered by deep insights from AI. The firm has institutional ownership of 61.20%, while insider ownership included 0.05%. IBM attains analyst recommendation of 2.80 with week’s performance of -0.43%. Investors looking further ahead will note that the Price to next year’s EPS is 2.57%.