ShiftPixy PIXY up huge

ShiftPixy PIXY up huge after heavy volume after the last few days. The stock skyrocketed up over 100% in two trading days. The stock is currently consolidating and deciding what it wants to do next.

Let’s take a quick look at ShiftyPixy

Company Name: ShiftPixy, Inc. 

Ticker: (PIXY)

Exchange: NASDAQ

Company Summary:

ShiftPixy is inching closer to its goal of becoming a national staffing leader after raising $115 million in an initial public offering for Industrial Human Capital, a blank check company formed to acquire industrial staffing companies.

Industrial Human Capital is one of four special purpose acquisition companies (SPACs) formed by ShiftPixy, a Miami-based platform that connects businesses with short-term hires and gig workers.

Why did it go up over 100%?

No big news, just this. I don’t think that warrants the incredible increase in share price.

ShiftPixy PIXY) 1 Day Chart

ShiftPixy PIXY Technical Analysis:

It has been consolidating the whole day after a morning rush of volume driving the PPS up almost 50% with high volume. The stock seems very stable in the consolidation pattern. I would wait till PIXY breaks above $1.68 or at least $1.64 before considering a purchase. 

I would place my stop loss at $1.45, because, if it goes below, it will pull back. The stock is very interesting with relatively no news and feels like an awareness campaign but the stock is stable. Wait for confirmation at $1.64 before moving on it and make sure to keep an eye on it.

Here’s Who Just Picked Up Staffing 360 Solutions Inc. (NASDAQ:STAF) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Staffing 360 Solutions Inc. (NASDAQ:STAF), reported that Jackson Investment Group, Llc. has picked up 4,955,577 of common stock as of 2017-03-24.

The acquisition brings the aggregate amount owned by Jackson Investment Group, Llc. to a total of 4,955,577 representing a 34.08% stake in the company.

For those not familiar with the company, Staffing 360 Solutions, Inc. operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.

A glance at Staffing 360 Solutions Inc. (NASDAQ:STAF)’s key stats reveals a current market capitalization of 5.05 Million based on 9.74 Million shares outstanding and a price at last close of $0.499 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-03, Flood picked up 10,021 at a purchase price of $0.65. This brings their total holding to 1,034,933 as of the date of the filing.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Staffing 360 Solutions Inc. (NASDAQ:STAF) as things move forward to see if its progress aligns with these transactions.

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Radoff Bradley Louis is Buying Cdi Corp. (NYSE:CDI) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Cdi Corp. (NYSE:CDI) reported that Radoff Bradley Louis has picked up 1,501,000 of common stock as of 2017-02-03.

The acquisition brings the aggregate amount owned by Radoff Bradley Louis to a total of 1,501,000 representing a 8.0% stake in the company.

For those not familiar with the company, CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees. The GETS segment provides engineering and information technology solutions that involve the production of deliverable work products or services performed at its facility or at a customer’s facility. The PSS segment provides technical and professional personnel for discrete periods of time to augment the customer’s workforce in times of project, seasonal, peak period or business cycle needs.

A glance at Cdi Corp. (NYSE:CDI)’s key stats reveals a current market capitalization of 162.31 million based on 18.66 million shares outstanding and a price at last close of $8.65 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-09-27, Smith picked up 8,000 at a purchase price of $5.40. This brings their total holding to 69,272 as of the date of the filing.

On the sell side, the most recent transaction saw Giorgio unload 100 shares at a sale price of $15.96. This brings their total holding to 38,405.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Cdi Corp. (NYSE:CDI). as things move forward to see if its progress aligns with these transactions.

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