logo
Plus   Neg
Share
Email

Stock Alert: ShiftPixy Skyrockets 118%

Shares of ShiftPixy Inc. (PIXY) are gaining almost 118 percent or $7.52 in Tuesday's morning trade at $13.91 after the company announced a partnership with a Del Taco franchisee. The stock has traded in a range of $3.21 to $31.20 in the past 52 weeks.

Irvine, California-based ShiftPixy is a provider of employment administrative services for businesses and workers in shift or other temporary jobs in the U.S.

The company also operates as a payroll processor, human resources consultant, and administrator of workers' compensation coverages and claims. It primarily serves restaurant, hospitality, and maintenance service industries, most of which are hit by the coronavirus pandemic.

Tuesday, ShiftPixy said it has entered into a partnership with Diamondback DTNM, LLC (DBA Del Taco), operator of 11 Del Taco restaurants in the Albuquerque, New Mexico area, to implement ShiftPixy's platform across all locations amid the coronavirus pandemic.

The Del Taco franchisee will leverage ShiftPixy's end-to-end platform for human capital management and native delivery.

ShiftPixy recently announced its 'Restaurant Resilience Plan' to give restaurant operators access to technology and services vital to their survival and also ideal for them once business reopens.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Latam Airlines Group SA, one of the largest air carrier in South America, has filed for bankruptcy protection in New York amid the ongoing Covid-19 pandemic, which has grounded flights worldwide. This Chapter 11 filing allows Latam to work with its creditors and other stakeholders to reduce its debt,... Pizza Hut said it is giving away 500,000 free pizzas to 2020 graduates in the Unites States. The pizza chain, owned by Yum! Brands, offers one free medium 1-topping pizza to all diploma/degree earning individuals until supplies last. The company is partnering with America's dairy farmers for the offer, which can be claimed until Thursday and redeemed until June 4. Merck & Co. Inc. on Tuesday announced deals, including an acquisition and two collaborations that will enable the U.S. drugmaker to join the race to develop coronavirus vaccines and drugs. Shares of Merck were rising almost 4 percent in the pre-market. Merck said it has agreed to acquire privately-held Themis, an Austria-based company focused on vaccines and immune-modulation therapies.
Follow RTT