The dollar has added to its earlier increases versus a bin of currencies on Monday using data suggesting the U.S. manufacturing sector has expanded more than anticipated during the month of September, returning into expansion territory.
The dollar index .DXY saw an increase of 0.25 percent at 95.694 after the Institute for Supply Management stated its U.S. factory activity index went up to 51.5 this past month from 49.4 in August. Hopefully, this increase finds its way over the sectors that represent companies like, Progressive Care Inc. (OTCQB:RXMD), VirnetX Holding Corporation (VHC), XG Technology, Inc. (XGTI).
Progressive Care Inc. , through its subsidiary PharmCo, LLC, provides prescription pharmaceuticals, specializing in health practice risk management, compounded medications, the sale of anti-retroviral medications and related medication therapy management, and the supply of prescription medications to long-term care facilities. In the company's most recent PR they announced that the state of Illinois issued a non-resident pharmacy license to PharmCo, LLC. This license allows the Company to dispense and ship traditional and compounded medications to residents of the state from the pharmacy in North Miami Beach. In the past month, RXMD has seen an increase of price movement by 49.60%.
VirnetX Holding Corporation VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The company has recently released information stating that on September 31, 2016, a Jury in the United States Court for the Eastern District of Texas, Tyler Division, in the case VirnetX Inc., et al. v. Apple Inc., No. 6:10-cv-00417-RWS ("Apple I"), has awarded VirnetX $302.4 million in a verdict against Apple Corporation for infringing four VirnetX patents, marking the third time a federal jury has found Apple liable for infringing VirnetX's patented technology. Starting from September 1st to October 3, VHC is up 104.38%.
XG Technology, Inc. Founded in 2002, xG Technology has created a broad portfolio of intellectual property that enables always-available, always-connected and always-secure voice, broadband data and video communications. The company is the developer of xMax, a patented all-IP software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. In just the last week the price movement has gone up by 147.0%