Diamonds and Dogs
Acting below par is what today's dog is doing. PAR Technology Corp (PAR) is down over 12% today after firing their Chief Financial Officer for violating corporate policy. The technology solutions company terminated their CFO after discovering he used company funds to make unauthorized investments that totaled around $900,000. Other than the CEO, the CFO is an important cog within a company. Shareholders always seem to get very nervous when news of a change in the CFO office is announced. This CFO was only hired two months before improperly allocating funds. Good luck getting a new job Mr. CFO.
The devils lettuce is making people healthy. GW Pharmaceuticals PLC (GWPH) is up over 120% after it was discovered one of their drugs significantly reduced seizures in children that have Dravet Syndrome, a disorder that currently has no approved treatments. Dravet Syndrome is considered one of the most severe and difficult-to-treat types of epilepsy that affects infant children. The drug from GW Pharmaceuticals is called, cannabinoid which as its name indicates has marijuana as a key ingredient. Let's hope there are no side effects.