3 Stocks Capitalizing Off Positive Market Momentum On Wednesday

CORAL GABLES, FL / ACCESSWIRE / August 30, 2017 / Wall Street expands gains in early afternoon trading on Wednesday as stronger-than-anticipated U.S. economic growth data offset concerns about heightening tensions between the U.S. and North Korea. Also, data was released today from payroll processor ADP that showed U.S. private employers added 237,000 jobs in August for its largest monthly advance in over five months. With that being said, here are 3 stocks that are capitalizing off of today’s positive momentum: Medical Imaging Corp. (MEDD), Mannkind Corp. (NASDAQ: MNKD) and LiNiu Technology Group (LINU).

Medical Imaging Corp. (MEDD) is a provider of comprehensive medical imaging services to patients and client hospitals throughout the U.S. and Canada. The company currently operates four Diagnostic Imaging Centers and they recently announced they upgraded their CT machine at their Naples, Florida location.

“Our Naples CT business has been growing throughout 2017, so it was important to have the software installed to meet the new federal standards and ensure that we had a stronger and newer CT machine with greater up time as we approach the start of our busy season this fall,” quoted Mitch Geisler, CEO. “The machine has now been installed and we can resume scanning CT patients this week.”

(MEDD) has been trading in the price range of $0.09-0.10 over the course of this trading week. Throughout Wednesday’s trading session (MEDD) has seen a price per share swing of 33.33% from lows of $0.075 to daily highs of $0.10.

Mannkind Corp. (MNKD) is a biotech company that focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes. During Wednesday’s afternoon trading session, (MNKD) has increased 21% from daily lows of $1.65 to intraday highs at $2.00. Although MNKD missed earning expectations earlier this month, investors seem to be optimistic about the company’s inhale rapid-acting mealtime insulin, Afrezza. Sales for Afrezza have been advancing and accounted for $1.5 million of the company’s revenue for Q2.

LiNiu Technology Group (LINU) is seeing an increase in trading activity during Wednesday’s trading session. The stock is up over 21% from daily lows of $1.79 to highs on the day of $2.18. (LINU) announced on Tuesday (8/29) announced it has signed a strategic cooperation agreement with Shou Guang Agriculture Logistic Park, one of the biggest vegetable distribution, pricing information exchanges and logistic centers throughout Asia.

“We are pleased to embark on our new relationship with SGALP, which we believe will be a key strategic alliance that should provide a significant boost to our LiNiuYang platform, while allowing us to further utilize our technological capabilities to the benefit of SGALP,” stated Mr. Wang Shun Yang, co-Chief Executive Officer of LiNiu Technology Group.

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