On Tuesday, Vapor Corp (NASDAQ:VPCO)’s shares inclined 27.45% to $0.650.
Vapor Corp. (NASDAQ CM: VPCO; VPCOU) declared a change to the record date for its forthcoming special stockholders’ meeting. The record date of December 31, 2015 formerly declared has been changed to January 7, 2016.
At the special stockholders’ meeting that Vapor intends to hold on January 21, 2016, shareholders will be asked to approve (1) a reverse stock split of Vapor’s issued and outstanding shares of Common Stock at a ratio and effective upon a date to be determined by Vapor’s Board of Directors and (2) an enhance in the number of authorized shares of common stock of Vapor.
Vapor Corp. designs, markets, and distributes vaporizers, e-liquids, electronic cigarettes, and accessories primarily in the United States and Canada. Its Vaporizers and electronic cigarettes are battery-powered products that enable users to inhale nicotine vapor without smoke, tar, ash, or carbon monoxide.
3D Systems Corporation (NYSE:DDD)’s shares dropped -4.51% to $9.10.
3D Systems (DDD) declared that it will discontinue production of its $999 consumer 3D printer, the Cube®. The move reflects administration’s plans to focus its resources and planned initiatives on near-term opportunities and profitability. Availability of the CubePro® 3D printer—designed for desktop engineering, educational and professional applications—will continue uninterrupted.
The company will continue to sell the existing inventory of Cube printers. Ongoing support and sale of materials for Cube customers will be offered through a new e-commerce platform on the company’s primary corporate domain, 3dsystems.com. The consumer platform Cubify.com will be closed on January 31, 2016 and the company’s line of retail products, counting phone cases and jewelry, that were formerly accessible on Cubify.com will be suspended.
Administration believes a greater focus on manufacturing applications and delivering new and improved manufacturing systems can drive adoption, yield higher returns on investment and enhance earnings. As part of this shift away from consumer products, administration anticipates revenue to be influenced by less than 2% and profitability to improve. In addition, administration anticipates to record a charge in the fourth quarter in the range of about $19 million to $25 million related primarily to inventory write downs and related purchase commitments.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries.
Urban Outfitters, Inc. (NASDAQ:URBN)‘s shares surged 1.56% to $23.42. The last trading range of Urban Outfitters, Inc. (NASDAQ:URBN) ranges between $23.19 and $23.88. The EPS of the company stands at $1.79. The 52-week range shows that the stock reached higher at $47.25 while its lower range is $19.26 in the last 52-weeks. The average volume of the company is at 4.72 million with the Outstanding Shares of 117.32 million. The market capitalization of the company is $2.72 billion. The Beta of the company stands at 1.00 with the RSI (Relative Strength Index) of 48.73.
Urban Outfitters, Inc., a lifestyle specialty retail company, engages in the retail and wholesale of general consumer products. The company operates in two segments, Retail and Wholesale.
