Plus   Neg

Stock Alert: SCWorx Up 34%

Shares of SCWorx Corp. (WORX) are currently gaining over 34% on Friday morning.

SCWorx said its subsidiary Direct Worx supplied one million surgical masks to an existing large hospital customer. The initial agreement was for $390 thousand, with additional potential agreements to help hospitals source urgently needed Personal Protective Equipment are anticipated.

"Hospitals are quickly running out of surgical masks and other PPE as the number of COVID-19-infected patients accelerates beyond hospitals' ability to procure needed PPE to protect patients, doctors, nurses and other hospital personnel treating infected patients," said Marc Schessel, CEO of SCWorx.

WORX is currently trading at $3.05, up $0.78 or 34.36%, on the Nasdaq. The stock is down nearly 70% compared to the same day last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Intel Corp. said it is probing into the hack of its fourth-quarter earnings report that prompted the chipmaker to release its earnings statement ahead of schedule. The company, which was scheduled to release the results after the market closed, released it before the market closing on Thursday. Google parent Alphabet decided to drop its Internet balloon project Loon that was launched with the idea of providing Internet access to rural areas and providing last mile connectivity. In a blog post, Loon CEO Alastair Westgarth said they have not found a way to get the costs low enough to build a long-term, sustainable business, despite gaining a number of interested partners along the way. American Airlines announced the launch of Flagship Cellars, its home delivery service for premium wines usually available onboard. The airline's move is said to be due to the excess wine it has amid the weakness in air travel demand following the coronavirus pandemic crisis. The company expects the new at-home wine program to generate about $40,000 to $50,000 in sales during the first quarter.
Follow RTT