Stocks Trading Above 50 Days Moving Average (50SMA): $FTK $IMMR $BLMN – Wire Real Estate

Stocks Trading Above 50 Days Moving Average (50SMA): $FTK $IMMR $BLMN




Sep 3, 2020

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Flotek Industries is bullish following changes to its Board of Directors.

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Flotek Industries Inc. (NYSE:FTK) is currently trading 63.41% above its 50 Days simple moving average and the stock looks bullish

Flotek Industries has announdced the appointment of Harsha V. Agadi to its Board of Directors. He will be the chair of Compensation Committee. . Agadi has served in several senior executive positions in several Fortune 50 companies for over 30 years. In addition, he has been president and Chief Executive Officer (CEO) for several American companies like Little Caesar's Enterprises, Church's Chicken, Inc., Friendly's Ice Cream Corporation, and Crawford & Company.

He has sat in several boards and has a lot of experience in leading compensation committees. He has served in compensation committees for two publicly listed companies; Crawford & Company and Belmond Ltd. Agadi is currently at GHS Holdings, LLC where he is Chairman and CEO. GHS Holdings is a restaurant and investment consulting company.

Immersion is risk-free with strong financial outlook

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Immersion Corporation. (NASDAQ:IMMR) is currently trading 38.07% above its 50 Days simple moving average and the stock looks bullish

Immersion Corporation has announced it's reported its results for Q2 2020. During the quarter, the company reported $5.7 million in total revenue, being a drop from $8.7 million that was reported in Q2 2019. The company's royalty license revenue during the quarter amounted to $5.6 million compared to $8.6 million that was reported in the second quarter of 2019.

During the quarter, the company's GAAP operating expenses were $6.7 million representing a 63% drop from the $17.9 million that was reported in the second quarter of 2019. Immersion Corporation reported $5.2 million in non-GAAP operating expenses representing a 63% drop from the $17.9 million that was reported in Q2 2019. During the quarter, the company's GAAP net loss amounted to $0.7 million, or $0.03 per diluted share. This is compared to GAAP net loss of $8.6 million, or $0.27 that the company reported during the same period last year.

Bloomin' Brands is bullish following changes in its leadership

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Bloomin' Brands Inc (NASDAQ:BLMN) is currently trading 42.15% above its 50 Days simple moving average and the stock looks bullish

Sheilina Henry has been promoted to become Bloomin' Brands' Group Vice President, Diversity & Inclusion. In the new position which was created recently, Henry will steer the company's efforts to achieve equality and inclusion in education, training, talent, and leadership. In a statement, Bloomin' Brands Chief Executive Officer David Deno said the appointment is an important part of the company's culture and will boost the commitment to equality and diversity.

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