Archives for October 4, 2019

Stocks to Watch: WAVE Life Sciences Ltd. (WVE) Soars 5.22%

by

WAVE Life Sciences Ltd. (WVE) had a good day on the market for Thursday October 03 as shares jumped 5.22% to close at $18.75. About 195,690 shares traded hands on 2,295 trades for the day, compared with an average daily volume of n/a shares out of a total float of 34.28 million. After opening the trading day at $17.74, shares of WAVE Life Sciences Ltd. stayed within a range of $18.95 to $17.59.

With today’s gains, WAVE Life Sciences Ltd. now has a market cap of $642.76 million. Shares of WAVE Life Sciences Ltd. have been trading within a range of $51.68 and $17.75 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

WAVE Life Sciences Ltd is a preclinical biopharmaceutical company based in Singapore. It owns a diverse pipeline of nucleic acid therapeutics meant to address rare genetic diseases related to the central nervous system, muscles, eyes, liver, and skin. Its nucleic acid therapeutics target genetic defects to either reduce the expression of disease-promoting proteins or transform the production of dysfunctional mutant proteins into the production of functional proteins.

WAVE Life Sciences Ltd. is based out of Singapore, and has some 250 employees. Its CEO is Paul B. Bolno.

WAVE Life Sciences Ltd. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

Stocks to Watch: FuelCell Energy Inc. (FCEL) Soars 16.08%

by

FuelCell Energy Inc. (FCEL) had a good day on the market for Thursday October 03 as shares jumped 16.08% to close at $0.37. About 31.9 million shares traded hands on 25,179 trades for the day, compared with an average daily volume of n/a shares out of a total float of 160.33 million. After opening the trading day at $0.39, shares of FuelCell Energy Inc. stayed within a range of $0.42 to $0.35.

With today’s gains, FuelCell Energy Inc. now has a market cap of $58.91 million. Shares of FuelCell Energy Inc. have been trading within a range of $13.20 and $0.13 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel-cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.

FuelCell Energy Inc. is based out of Danbury, CT and has some 431 employees. Its CEO is Jason B. Few.

FuelCell Energy Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

WestJet inspecting 737s

by

WestJet Airlines says it is inspecting its fleet of Boeing 737 Next Generation aircraft for cracks after a U.S. regulator ordered inspections on American fleets.

Calgary-based WestJet says it has 43 aircraft that fall under an inspection directive issued by the U.S. Federal Aviation Administration Thursday.

The company says it has had no structural cracks on its 737 NG fleet and expects minimal disruption from the inspections.

Sunwing Vacations Inc., which did not immediately return a request for comment, has more than 40 of the Boeing 737 NG aircraft in its fleet.

Air Canada says it does not have any of the Boeing 737 NG planes.

The inspection order comes as Boeing remains under scrutiny after two deadly crashes led to a grounding of its Boeing 737 Max aircraft in March.

GlobalFoods expands

by

Paterson GlobalFoods says it plans to build an oats mill next to its existing grain terminal in northwest Winnipeg.

The international agricultural conglomerate says the mill will process up to 250,000 tonnes of raw oats from western Canadian farmers each year.

It says the mill will have 260 rail cars at its disposal to offer the greatest access possible to North American markets.

CEO Andrew Paterson says the new oats plant will allow the company to continue to build its commodity business with value-added products for consumers and farmers.

Paterson GlobalFoods is family-owned and has a history deeply rooted in Canadian agriculture.

It was established in 1908 as N.M. Paterson & Co. Ltd., and today ships agricultural commodities and food products across North America and the world.

‘Extinction Rebellion’

by

A group of environmental activists is planning to try and shut down some of Canada’s busiest bridges on Monday by having protesters lie down in traffic lanes.

The group’s targets include the Angus L. Macdonald Bridge over Halifax Harbour, the Burrard Street bridge in Vancouver and the Prince Edward Viaduct in Toronto.

A Nova Scotia organizer for the group Extinction Rebellion says the planned acts of civil disobedience aim to show the public that major disruptions are inevitable if society fails to act on climate change.

The United Nations Intergovernmental Panel on Climate Change has said there will be irreversible changes if the world doesn’t take rapid, intense action to cut greenhouse gas emissions.

In similar protests in the United Kingdom this summer, the group created traffic disruptions in several major cities that lasted for hours or even days.

A spokesman for Halifax police says “public safety” will be the primary focus of the force’s response to any protest on Monday, and officers will “enforce federal and provincial statutes where necessary.”

Halifax Harbour Bridges, which oversees both the Macdonald and MacKay bridges, said in an email that management wants to respect the right to peaceful protest while upholding the Crown corporation’s mandate to ensure “safe cross-harbour passage.”

About 40,000 vehicles use the Macdonald bridge daily. Patrick Yancey, the Nova Scotia organizer with Extinction Rebellion, said all but emergency vehicles that urgently need to use the Macdonald bridge will be asked not to cross.

The second bridge over the harbour, the MacKay, would remain open, he said, and the roughly 1,200 people who bike or walk across the Macdonald bridge daily won’t be blocked.

Markets fall for third day

by

Markets in Canada and the U.S. continued their downward slump in mid-morning trading as fears of an economic slowdown grew.

The S&P/TSX composite index was down 65.31 points at 16,245.66.

In New York, the Dow Jones industrial average was down 175.53 points at 25,903.09. The S&P 500 index was down 13.97 points at 2,873.64, while the Nasdaq composite was down 42.88 points at 7,742.36.

The Canadian dollar traded for 75.04 cents US compared with an average of 75.22 cents US on Wednesday.

The November crude contract was down US$1.06 at US$51.58 per barrel and the November natural gas contract was unchanged at US$2.25 per mmBTU.

The December gold contract was up US$14.10 at US$1,522.00 an ounce and the December copper contract was unchanged at US$2.56 a pound.