Simple Concepts Research Group

Stock Market News: Big Lots, Urban One and David’s Tea

by | Oct 25, 2021 | Insights

Stock Market News for Undervalued Companies Worth Watching

Welcome to our weekly recap of stock market news for cheap companies that are worth keeping an eye on. Many of the companies covered here are currently in our public Portfolio which can be found here or a part of our free stock database which can be accessed here.

Noteworthy News on the Following Companies Below

  • Big Lots (BIG)
  • PalTalk (PALT)
  • TravelCenters of America (TA)
  • Voyager Therapeutics (VYGR)
  • David’s Tea (DTEA)
  • Dynagas Partners (DLNG)
  • Urban One (UONEK)

Big Lots partners with DailyPay to ramp up hiring campaign

Big Lots, Inc. (NYSE: BIG), one of the largest neighborhood discount retailers in the U.S., is teaming up with DailyPay to offer Big Lots’ 35,000 store and distribution center associates instant access to earned income. This new program comes just in time for the holiday season when Big Lots expects to onboard 15,000 employees to accommodate its “BIGionaire” shoppers during retail’s biggest season. The company is holding national hiring events weekly on Tuesdays and Saturdays at all 1,421 stores across the country, with both full-time and part-time positions available for those 16 years and older.

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Paltalk Inc. Announces Closing of $11.64 Million Public Offering and Full Exercise of Overallotment Option

Paltalk, Inc. (Nasdaq: PALT), a leading communications software innovator that powers multimedia social applications, today announced the closing of its previously announced underwritten public offering of 1,350,000 shares of its common stock at a public offering price of $7.50 per share. In addition, Paltalk granted to Maxim Group LLC a 45-day option to purchase up to an additional 202,500 shares of common stock, at the public offering price less underwriting discounts, of which Maxim Group LLC has fully exercised its option to purchase such 202,500 shares of common stock. Gross proceeds before deducting underwriting discounts, commissions and other offering expenses are approximately $11.64 million, inclusive of the over-allotment.

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TravelCenters of America Unveils Site Upgrade Plans and New Travel Center Design

TravelCenters of America Inc. (Nasdaq: TA), nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, today is unveiling its nationwide site upgrade plan and new travel center design concepts at the grand re-opening of the TA in Seymour, Indiana. The site upgrade and grand re-opening is among the first of more than 100 travel center refresh projects expected to be completed during the next 18 months. TA also announced the launch of “The Kitchen,” a new fast casual dining experience to be rolled out at select locations nationwide.

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Voyager Therapeutics Presents Positive Preclinical Data

Voyager Therapeutics, Inc. (Nasdaq: VYGR), a gene therapy company developing life-changing treatments and next-generation adeno-associated virus (AAV) platform technologies, today announced the presentation of preclinical data demonstrating a single intravenous (IV) dose of its novel GBA1 gene replacement therapy achieved widespread distribution in the central nervous system (CNS) and peripheral tissues of mice, and substantially raised levels of the GCase enzyme in both in vivo and in vitro models. The results are available in an on-demand poster session throughout the virtual Congress of the European Society of Gene and Cell Therapy (ESGCT) Oct. 19-22.

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DavidsTea Expands Agreement With Loblaw Companies

DavidsTea Inc (NASDAQ: DTEA) has expanded its agreement with Loblaw Companies Limited (OTC: LBLCF) to extend its product offerings across the Atlantic provinces, Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia.

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Dynagas LNG Partners LP Declares Cash Distribution on Its Series A Preferred Units

Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from August 12, 2021 to November 11, 2021.

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Reach Media And Radio One, The Audio Divisions Of Urban One, Inc., Unveil The Their 2021 Virtual Radio Upfront Experience

Radio One and Reach Media, the audio division platforms of Urban One, Inc., the largest diversified Black-owned media company in the country, announced today its virtual upfront experience “Millions. Billions. Trillions.” in partnership with Dream Currency, a small Black-owned business. “Millions. Billions. Trillions.” focuses on a movement to promote the importance and buying power of the African American consumer.

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We hope you enjoyed our weekly recap of stock market news. Be sure to add these companies to your Watch List and if you haven’t done so already, check in on the performance of our Current Portfolio. Keep it simple and always do your due diligence.

This material is provided for informational purposes only and is not financial advice. The information contained herein should not solely be used for the formation of an investment decision, whether you are a long term or short term investor.