MGT Capital Investments Inc. (MGTI)

[Garagebux]

MGT Capital Investments (NYSE: MGT) has had its best week this year. On Monday, the company announced that they have agreed to acquire specific technology and assets of McAfee's anti-spy software company, D-Vasive for a cash and stock sum. This would give them approximately 47% controlling interest in the company.

Furthermore, MGT announced on Thursday that they've acquired technology incubator, The Round House LLC. This will offer co-working space, accelerator services, and additional angel investment for companies meeting the organization's criteria. Of the current equity ownership that Round House has in some of its companies includes ownership of RecMed First Aid. This was founded by an Alabama teenager, Taylor Rosenthal, who according to a report issued by CNBC, actually turned down an initial buyout offer of $30million.

Though MGT has seen an incredible run this week from an opening price of $0.64 on Monday to highs of $1.87 on Thursday, this 192% rally has seen its first period of consolidation as the market has moved down to levels between $1.17 to $1.48 on Friday morning. In the last 8 months the stock has seen highs of nearly $2 and after this latest series of news updates, this could be another "value" play for MGT as well. SOURCE: TechStockInsider.com