BioNovelus Inc
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Company profile

BioNovelus, Inc., formerly Firstin Wireless Technology, Inc., is a biotechnology company. The Company focuses on developing a portfolio of green solutions for various applications. The Company's solutions address challenges, including food and water safety and supply. The Company focuses on selling the BionoPLUS formula to the consumers of fungicide and pesticide products for the control of coffee leaf rust, and coffee bean and cocoa bean conservation under the name CR-10 (for Coffee Rust-10). BionoPLUS is a biocide and fungicide. CR-10 is a biodegradable product, which is a biopesticide for use at recommended dilution. Its formula kills the coffee rust fungus by being sprayed on the contaminated leaf. It also creates a protective barrier that will prevent (re-)infection. The Company focuses on testing its biocide on multiple applications, including coffee leaf rust. It is also conducting other trials for applications in the biocide market.

Closing Price
$0.0926
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
39,802
0

UPDATE: Tesla and Apple have had a great run -- here's why they're poised to 'rocket' even higher in the next year

12:07 pm ET August 29, 2020 (MarketWatch)
Print

By Shawn Langlois, MarketWatch

Much of the buzz on Wall Street these days focuses on the idea that value is positioned for a comeback. Tech stocks are running out of steam, can't go on forever, time for new leadership, etc.

But history is on the side of Tesla (TSLA) and Apple(AAPL) , according to online broker eToro, which took a look at decades of data to find that a basket of the biggest name brands have historically enjoyed a 33% rally, on average, a year after splitting their stock.

Apple is splitting its stock for the fifth time, while this will be Tesla's first.

By comparison, Amazon (AMZN) has split its stock three times, rallying an average of 209% the following year. Microsoft (MSFT) has done it nine times, with a gain of 47%. It's not just tech either. McDonald's (MCD) has split nine times, as well, averaging a 22% annual return. Coca-Cola (KO) , nine times for 11%.

Apple's history isn't quite as stellar as all those, with its four previous splits resulting in an average gain of 10.4% in the following year. However, that includes a disastrous 61% plunge in the 12 months after its June 2000 split, which was a result of the popping of the dot-com bubble.

"Retail investors are increasingly engaging with the financial markets, and many see the benefit in investing in the companies who produce products they love and use daily," eToro analyst Adam Vetesse said. "Tesla and Apple are two such companies."

In fact, investment dollars from eToro users are pouring into Tesla and Apple, having risen 35% and 167%, respectively, since the announcements, compared with the three weeks prior.

"The ability to buy into these highly popular companies at more attractive [post-split] prices will prove too tempting to turn down for many investors," Vetesse said, adding that both stocks could "rocket" even higher than the historical averages in this climate.

Shares of both Apple and Tesla were up nicely in Wednesday's session, while the Dow Jones Industrial Average was stuck in the red. Both the S&P 500 and Nasdaq Composite were higher, at last check.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 29, 2020 12:07 ET (16:07 GMT)

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