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Pacific Biosciences Appoints New CEO And Enters Research Collaboration With Asuragen
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Pacific Biosciences of California Inc (NASDAQ:PACB) is currently trading 24.18% above its 50 Days simple moving average and the stock looks bullish. The company appointed Christian O Henry as its CEO and President and will take reigns from September 14, 2020. Henry has been a member of the Board of Directors since 2018 and served as the Board Chairman since March 2020. John F Milligan who has served the board since 2013 will succeed Henry as the Board Chairman as of September 2020.
Recently the company announced a clinical research collaboration with Asuragen which is aimed at developing molecular assays based in its Single Molecule, Real-Time Sequencing (SMRT(R)) tech. initially, the companies will focus on research supporting the development of the assay for the carrier screening market.
Harsco Reports Consolidated Revenue Of $447 Million in Q2 2020
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Harsco Corp (NYSE:HSC) stock is also looking bullish and currently trades 23.82% above its 50 Days simple moving average. The company announced a YoY increase of its total consolidated revenue to $447 million in Q2 2020. Operating income in the quarter was $2 million compared to $18 million in Q2 2019 while EBITDA was $59 million compared to $63 million last year. The change was due to lower profitability in the Harsco Rail and Environmental segments because of COVID-19 disruptions.
Recently the company's Rail segment entered a $10.3 million deal with MAV FKG Kft-t for the provision of an EU 20-stone rail grinder. This will be Hungarian Railways' first-ever rail grinder order joining the growing number of countries using the Harsco Rail grinders.
Red Rock Resorts Reported Q2 2020 revenue of $108.5 million
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Another stock currently looking bullish is Red Rock Resorts Inc. (NASDAQ:RRR) which is trading at 17.30% above its 50 Days simple moving average. The company reported its Q2 2020 results on August 4, in which the company reported loss per share of $1.01 topping analysts' estimates of $1.04. Red Rock resorts reported total revenue of $108.5 million beating consensus estimate of $82 million.
During the Q2 earnings call the CEO of the company Stephen Cootey stated that they were not sure when the Station Casinos which are still closed will open. The casinos had been shut to curb the spread of COVID-19 but the Texas Station, Palms, Fiesta Rancho and Fiesta Henderson casinos have not reopened.
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COMTEX_369224310/2700/2020-08-11T08:15:37
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