Hot Stocks In The News: Energous Corp (NASDAQ:WATT), Shopify Inc (NYSE:SHOP)

On Monday, Shares of Energous Corp (NASDAQ:WATT), subtract -2.26% and closed at $13.81 in the last trading session. The last trading range of the stock ranges between $13.58 and $14.39. Energous Corporation (“Energous®” or “the Company”) (WATT), the developer of WattUp®, a revolutionary wire-free charging technology that provides over-the-air power at a distance, recently declared financial results for the third quarter ended September 30, 2016 and offered an update on its operational progress.

Recent Highlights

Declared a planned partnership with Dialog Semiconductor plc, a provider of integrated power administration, power conservation and connectivity solutions, serving the portable consumer device and IoT markets. The many benefits of the long-term partnership include:

The ability for Energous to leverage Dialog’s broad sales and distribution channel and existing sales agreements to aggressively accelerate the presence of WattUp-facilitated products in consumer retail environments.

Dialog’s agreement to make a $10-million common stock investment in Energous.

The combination of the companies’ sales, marketing, customer support and manufacturing efforts, counting streamlined chip production.

Creation of noteworthyentrance barriers to current or potential future competitors.

The ability for Energous to leverage Dialog’s broad sales and distribution channel and existing sales agreements to aggressively accelerate the presence of WattUp-facilitated products in consumer retail environments.

Shopify Inc (NYSE:SHOP), dropped -4.44% and closed at $37.90 in the last trading session. The last trading range of the stock ranges between $37.74 and $39.95. The company’s Market capitalization is $3.33 Billion with the total Outstanding Shares of 75.93 million. Shopify Inc. (SHOP)(SHOP) (“Shopify”) recently declared that Gail Goodman has been designated to its board of directors, effective recently. Gail will serve on Shopify’s Audit and Compensation Committees.

Gail is the former Chief Executive Officer and Chairperson of Constant Contact, a software company providing small businesses with online marketing tools to grow their businesses. After becoming CEO in April 1999, she led Constant Contact through its initial public offering and for eight years as a publicly traded company, until its acquisition by Endurance International Group Holdings, Inc. in February, 2016.

“Gail shares our passion for assisting entrepreneurs succeed,” said Tobi Lütke, founder and CEO of Shopify. “She brings with her a deep knowledge of marketing and connecting with small businesses. We are thrilled to welcome her to our board.”

“For the past 16 years, I’ve worked to support small businesses,” said Gail Goodman, “I’m eager to continue that work as part of Shopify’s team and assist make commerce better for everyone.”

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