On 20 million shares of daily volume ShiftPixy (NASDAQ: PIXY) jumps over 40% while jobless claims tend to increase over time after severe injure caused on the economy by the COVID-19.
Under $10 stock usually rises fast but PIXY has negative 12 months based EPS due to shrinking revenue. There is a big hope for the demand for employee hiring and human resource management services.
PIXY had big trouble since September 2018 due to the shrinking pattern. Today’s rise might be temporary because of the down-trending nature of the stock. Hence, only short term traders may take a possibly little advantage of PIXY perhaps a couple of trading days may tank the hard-earned points.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life