PLL Stock Price Up Four Fold In Less Than A Month

Investors Alley
PLL Stock Price Up Four Fold In Less Than A Month

Shares of Piedmont Lithium (PLL) exploded again to a high of $49.95 after trading at just
$8.79 in mid-September 2020. The stock is still running after signing a deal
with Tesla to help secure lithium supply. “The deal is for five years of
lithium-ore supply with an extension for another five years. Deliveries are
expected to start in 2022,” according to Barron’s.

Shares of Alteryx Inc. (AYX) soared 28%, or $32 a
share after it raised third quarter guidance, and named a new CEO. AYX now
expects to see third quarter revenue in a range of $126 million to $128
million, up 22% to 24% year over year. Analysts were only expecting $113.5
million. In addition, AYX said that co-founder and CEO Dean Stoecker will be
replaced by Mark Anderson, who already sits on the board of directors.

“In our
opinion, Mr. Anderson brings extensive experience in sales and marketing,
including driving growth at several large public software companies,”
Needham analyst Jack Andrews said, as quoted by Investors’ Business Daily.

“We view Anderson
as a huge credibility shot in the arm to Alteryx after a shaky second quarter,
with his stellar track record and strong Street reputation now front and center
for investors,” added Wedbush analyst Dan Ives.

Shares of Okta Inc. (OKTA) are up more than $10
this week on news it and Salesforce
(CRM) announced a partnership and new integration between the Okta
Identity Cloud and Salesforce Work.com designed to help organizations and
communities build trust with their employees and customers, according to its
latest press release.

“Okta
is the identity company that stands for trust, and that has taken on new weight
during the pandemic. We’ve helped organizations move to remote work and keep
their people employed and productive, even when they can’t be in an office.
We’re also giving organizations the solutions and tools to build secure,
seamless customer experiences, empowering them to still generate revenue and
drive growth,” said Todd McKinnon, Chief Executive Officer and co-founder,
Okta. “We take our responsibility as a business enabler seriously, and so
does Salesforce. We look forward to partnering closely to provide our customers
with secure, delightful experiences so they can safely and effectively engage
with their communities.”

Shares of OPKO
Health (OPK) is picking up a good deal of momentum, as markets wait for
news on its Phase 2 data on
rayaldee, a potential treatment for mild to moderate COVID-19. The company
expects to report its data before year end. “The trial will be conducted at multiple COVID-19 outpatient
clinics in the U.S. The initial sites are located primarily in South Florida,
the Central Gulf coast, the Midwest and the Southwest. The first subjects are
expected to be enrolled within the next few weeks,” according to the company’s
latest press release.

At time of this
writing, Ian Cooper does not hold a position in any of the stocks mentioned.

PLL Stock Price Up Four Fold In Less Than A Month
Ian Cooper