Kingtone Wirelessinfo (KONE) Sudden Bullish Activity; Mizuho Sees Upside On Mallinckrodt (MNK)


The price of Kingtone Wirelessinfo Solution Holding Ltd. (Nasdaq:KONE) stock skyrocketed 453.57% to touch a new 52-week high of $9.30 in early trade Thursday, currently changing hands at $6.75, up $5.09 (or +306.63%) with 9.68M shares traded so far, representing a tremendous increase in activity versus its average volume (3m) of 27,778

There appears to be no confirmed recent news from Kingtone Wirelessinfo in the street that may explain the sudden and extremely bullish activity in the stock

The mobile enterprise solutions company expects to deliver fiscal 2016 revenue in the range of $7 million to $10 million and net income of between $0 and $0.8 million for the period 

Kingtone Wirelessinfo has 1.40M Shares Outstanding and KONE stock one-year range is now between $1.15 and $9.30 per share



Investment analysts at Mizuho reiterated a Buy rating on Mallinckrodt PLC (NYSE:MNK) shares and boosted their price target from $80.00 to $83.00

Mallinckrodt expects to deliver its third quarter 2016 earnings report on Tuesday, August 2 before the market open

MNK stock is trading at $67.93, up $1.11 (or +1.66%)

The company, which is engaged in the specialty pharmaceuticals and nuclear imaging business, has 109.33M and MNK stock 52-week range is from $50.90 to $127.00 per share


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