Potential Mega-Infrastructure Project for TransCanada (TRP); Upside Visualized in Microvision (MVIS)
After an order signed a couple days ago by President Donald J. Trump to expedite the review of applications for the construction of the Keystone XL Pipeline, TransCanada Corp. (NYSE:TRP) said Thursday that it has applied for a Presidential Permit to the U.S. Department of State for consent of the infrastructure project.
Shares of TransCanada surged more than 2% to near their 52-week high levels in after-hours trading, following the announcement.
TRP stock finished the regular session in negative territory by 1.68% (or -$0.83) at $48.51 with a total volume of 1.92M shares traded, representing a large increase in activity versus its average volume (3m) of 1.04M shares.
TransCanada, an energy infrastructure company, has 863.70M shares outstanding, market capitalization (intraday) of $41.90B and TRP stock one-year range is from $32.77 to $49.76 per share
Microvision, Inc. (Nasdaq:MVIS) shares climbed 17.46% (or +$0.22) to $1.48 on Thursday’s trading session after analysts at Ladenburg Thalmann initiated coverage on the company’s stock with a Buy rating and a price target of $4.50
Microvision, which develops PicoP scanning technology that can be used to create miniature projection and three-dimensional sensing and image capture solutions, has 68.09M shares outstanding, market capitalization (intraday) of $100.78M and MVIS stock 52-week range is between $0.89 and $3.08 per share
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