On Thursday, Shares of Great Basin Scientific Inc (NASDAQ:GBSN), lost -14.53% to $0.940.
Great Basin Scientific, Inc. (GBSN) is ongoing to bleed lower following its reverse split and is now down over 99% from its pre-split highs. Shares of the molecular testing company were dealt another blow this week when it was declared that the company was issuing more convertible notes and common stock warrants. Despite the ongoing investigations in regards to GBSN’s public offering of 2.724M shares back in February of this year, three hedge funds stated a stake in the company as of the last 13F filings. GBSN presents investors with a potentially undervalued technical chart setup in the near term.
GBSN is a stock we are closely following as it has yet to really bounce since reverse splitting. When the bounce does occur it could be a very good opportunity for short term traders to capitalize on.
Great Basin Scientific, Inc., a molecular diagnostic testing company, doing business as Great Basin Corporation, develops and commercializes molecular diagnostic systems that are designed to test hospital-attained infections.
Shares of KKR & Co. L.P. (NYSE:KKR), declined -0.13% to $15.59, during its last trading session.
KKR & Co. L.P., declared an agreement to pursue acquisitions and investment opportunities by establishing an integrated entity to provide asset administration services to the oil and gas industry globally. The platform will be led by Founder and Executive Chairman Deepak Munganahalli, who brings more than 20 years of global oil and gas experience to the company. He will be based in Dubai.
Mr. Munganahalli said, “Our aim is to become an integrated solutions provider for engineering, maintenance, repair and overhaul services for asset owners and operators in the oil and gas industry. Together with KKR and its deep industry and investment expertise, we look forward to providing a differentiated set of capabilities to the industry.”
Mr. Ash Upadhyaya, Director at KKR, said, “We are excited about the opportunity to partner with Deepak, given his depth of experience and track record in the industry.”
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments.
Finally, SYSCO Corporation (NYSE:SYY), ended its last trade with -1.11% loss, and closed at $41.00.
Sysco Corporation declared that it will webcast its presentation from the 2016 ICR Conference at 8:00 a.m. (Eastern), Wednesday, January 13. Bill DeLaney, chief executive officer, and Joel Grade, executive vice president and chief financial officer, will take part in the event.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.