The stock of ITUS Corp (NASDAQ:ITUS) is a huge mover today! The stock increased 25.96% or $1.01 on October 3, hitting $4.9. About 169,460 shares traded hands or 591.84% up from the average. ITUS Corp (NASDAQ:ITUS) has risen 67.67% since February 29, 2016 and is uptrending. It has outperformed by 55.46% the S&P500.
The move comes after 5 months positive chart setup for the $50.99M company. It was reported on Oct, 3 by Barchart.com. We have $14.21 PT which if reached, will make NASDAQ:ITUS worth $96.88M more.
According to Zacks Investment Research, “ITUS funds, develops, acquires and licenses emerging technologies in areas such as cancer diagnostics, encrypted communications and semiconductor fabrication. Anixa Diagnostics, a subsidiary of ITUS and the company’s main focus, is developing a platform for inexpensive, non-invasive cancer screening blood tests for the early detection of tumor based cancers.”
More notable recent ITUS Corp (NASDAQ:ITUS) news were published by: Marketwatch.com which released: “ITUS Corp.” on September 03, 2014, also Quotes.Wsj.com with their article: “News ITUS Corp.ITUS” published on October 08, 2014, Streetinsider.com published: “ITUS Corporation (ITUS) Announces Positive Cchek Platform Data in Detecting …” on September 28, 2016. More interesting news about ITUS Corp (NASDAQ:ITUS) were released by: Benzinga.com and their article: “15 Biggest Mid-Day Gainers For Monday” published on October 03, 2016 as well as Globenewswire.com‘s news article titled: “ITUS Corporation (Nasdaq: ITUS) to Ring The Nasdaq Stock Market Closing Bell” with publication date: June 02, 2016.
ITUS Company Profile
ITUS Corporation, formerly CopyTele, Inc., incorporated on November 05, 1982, is engaged in development, acquisition, licensing, and enforcement of patented technologies that are either owned or controlled by the Company or one of its wholly owned subsidiaries. As on December 29, 2014, the Company owns and controls eight patent portfolios, including Encrypted Cellular Communication, Internet Telephonic Gateway, J-Channel Window Frame Construction, Key Based Web Conferencing Encryption, Micro Electro Mechanical Systems Display, Nano Field Emission Display, VPN Multicast Communications and Enhanced Auction Technologies. The Firm monetizes its patented technologies, and settles patent infringement lawsuits. The Companyâ€™s business model is and Patent Assertion.
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