Penny Stocks On Robinhood To Watch #4: Boxlight Corporation Boxlight Corporation (BOXL Stock Report) is in the mix with HMHC stock as well. The company gained attention recently thanks to the driving force behind education technology stocks. Remember COVID-19 isn’t just impacting biotech as some might think the only option here is coronavirus vaccine stocks. You also have to consider other industries and sector that could benefit. The push for virtual education has also joined the conversation recently. BOXL stock started jumped about 10 days ago as speculation started building. On July 12th we started to follow this exact trend of speculation. Here’s what we said:
As we’ve seen, stay at home orders have caused parents to focus on education for their children in an “at-home” setting. That would mean more reliance on technology right now. Last month Boxlight announced the release of MimioConnect. This is its cloud-based teaching and learning platform that helps teachers streamline lesson delivery in remote and blended classrooms
The law list 12 allowable uses of the $13.2 billion in the package's K-12 relief fund:
9)Purchasing educational technology (including hardware, software, and connectivity) for students who are served by the local educational agency that aids in regular and substantive educational interaction between students and their classroom instructors, including low-income students and students with disabilities, which may include assistive technology or adaptive equipment.
The CARES Act includes an additional $100 million in grants under Project SERV, which is dedicated to helping school districts and post-secondary institutions recover from “a violent or traumatic event that disrupts learning.” That pot of money can support distance learning, as well as mental health counseling and disinfecting schools.
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