StemCells (STEM) Merger Deal with Microbot Medical; SITO Mobile (SITO) Posts Strong Revenue Rise

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Shares of StemCells Inc. (Nasdaq:STEM) climbed more than 50% in after-hours trading Monday as the biopharmaceutical company disclosed in a regulatory filing ( FORM 8-K ) with the U.S. Securities and Exchange Commission (SEC) an agreement and plan of merger and reorganization with Israeli-based medical device company Microbot Medical Ltd.

STEM stock finished the regular session in positive territory by 0.59% (or +$0.002) at $0.372, with a total volume of 208,722 shares traded

StemCells, which engages in the research, development, and commercialization of cell-based therapeutics and related technologies, has 11.70M Shares Outstanding Market Capitalization (intraday) of $4.35M and STEM stock 52-week range is from $0.33 to $7.56 per share

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SITO_Mobile_SITO

SITO Mobile Ltd. (Nasdaq:SITO) shares surged over 10% in the extended session Monday after the company delivered strong revenue growth in its quarterly financial results

For the second quarter 2016, SITO Mobile posted revenue of $9.88 million, a 168% increase year over year, and net income of $0.73 million, or $0.04 per share, compared to net loss of ($1.04) million, or ($0.07) per share in the same quarter the prior year

SITO stock closed at $4.09, down $0.06 (or -1.45%) and 41,912 of its shares changed hands during the day

SITO Mobile, which operates as a mobile location-based advertising platform for businesses, advertisers and brands, has 17.36M Shares Outstanding Market Capitalization (intraday) of $71.00M and SITO stock one-year range is between $1.55 and $6.15 per share

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