Why these stocks could just be getting started (GME, AMC, BLBX, GSKY, INDP, ANY)

September 16, 2021 8:45 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

One of the most dramatic examples of the sudden dominant interest of retail market participants is the massive short squeezes we are seeing in stocks such as GameStop Corp (NYSE:GME) and AMC Entertainment Holdings Inc (NYSE:AMC). This scenario - a raging bull market that casts advantages upon new technology services for market participants - forms the context of the opportunity we highlight here today: Blackboxstocks, Inc (OTCMKTS:BLBX). Blackboxstocks, Inc (OTCMKTS:BLBX) is a rapidly growing trading analytics platform that uniquely provides social engagement and trading education to its users. That's one of the reasons why a recent analyst research report (see here) gave this stock a $10/share price target. The company has established partnerships with major industry players, including TD Ameritrade, E*TRADE, and Tasty Works, the brokerage created by the founders of Think or Swim (acquired for $600+ Million), plus a platform integration agreement with Trade Station. Just last week BLBX surged double digits on a nominal volume suggesting a larger interest could send the share prices soaring. Click HERE to read a complete analysis report on BLBX.

Now, let's take a look at stocks that were the top gainers yesterday. Shares of GreenSky (NASDAQ:GSKY) surged 53.2% on Wednesday after the specialty lender agreed to be acquired by Goldman Sachs (NYSE:GS). By acquiring GreenSky, Goldman Sachs is making an aggressive move into the popular "buy now, pay later" space. Goldman has invested heavily in recent years to expand its Marcus consumer finance business, which the company views as a key complement to its core investment banking and wealth management operations. GreenSky provides home improvement financing solutions. More than 10,000 merchants use its platform to offer "apply and buy" promotional payment options to their customers. Investors will receive 0.03 shares of Goldman Sachs' stock for each share of GreenSky they own. The transaction is expected to close by the first quarter of 2022, subject to shareholder and regulatory approval. "In combination with Goldman Sachs, we're excited to continue delivering innovative point-of-sale payment solutions for our merchant partners and their customers on an accelerated basis," GreenSky CEO David Zalik said in a press release.

Shares of Indaptus Therapeutics (NASDAQ:INDP) stock reached an all time high of $28.83 on a market cap of $58.11M. The company issued a massive update announcing positive news on its HBV and HIV treatments. "We are delighted to expand our growing patent estate and this notice of allowance provides further validation of the novel approach of our Indaptus platform technology as it relates to viral infections," Dr. Michael Newman, founder and chief scientific officer of Indaptus Therapeutics said. "This notice of allowance gives us the optionality to confidently pursue our technology in viral diseases and/or to partner it for further development," Jeffrey Meckler, CEO of Indaptus Therapeutics, stated.

Next in line to surge on Wednesday was Blue Apron Holdings Inc (NYSE:APRN). The company announced 78M$ in equity capital raise. APRN plans to raise capital and eliminate shares with outsize voting power. The shares closed up 45% on a market cap of over 132.40M$ The amount is equal to roughly 60% of Blue Apron's current market value. Co-founder and Chair Matthew Salzberg and director Barry Salzberg will also resign from the board. Another big board stock that's garnering attention from Wall Street is Sphere 3D (NASDAQ:ANY). Any jumped 26% on Wednesday after its future merger partner Gryphon Digital Mining announced it had received a shipment of machines that will be used to mine Bitcoin (CRYPTO:BTC) in a carbon-neutral manner. Shares of the stock were up 35% on the news and are now up almost 400% year to date. Gryphon Digital Mining announced it had installed its first batch of 7,200 S19J Pro Antminers and will continue to receive 600 machines on a monthly basis.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. We may be compensated for posting this content on our website by EDM Media LLC. For questions, comments or suggestions please contact ir@edm.media.

The post Why these stocks could just be getting started (GME, AMC, BLBX, GSKY, INDP, ANY) appeared first on Wall Street PR.

comtex tracking

COMTEX_393447687/2771/2021-09-16T08:43:05



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Press Releases, Wall Street PR

Related Entities

Goldman Sachs, S1, Definitive Agreement, Bitcoin