Holding company Caduceus Software Systems Inc (OTCMKTS:CSOC), which also owns the company McLovin’s Pet Food Inc, has seen its stock move strongly over the course of the past few days.
On Tuesday, the Caduceus stock continued on its upward move and ended the day with gains of 15%. That took its gains for the past week to as much as 45%. There are reasons behind the optimism as well. Today the company announced that it was on the verge of further expanding the online sales and e-commerce sales initiatives for products from McLovin’s Pet Food.
That is a significant development since such a move is going to ultimately add to the revenues generated by its portfolio company. In this regard, it should be noted that the products from McLovin’s are already available on some of the more popular ecommerce platforms like Walmart, Kroger and Amazon.
The company conducted a review with regards to online sales during the past quarter and now it believes that online sales could grow further. Hence, it has decided to expand the online presence of McLovin’s products further. Following the announcements, the Caduceus stock is expected to come to be in focus among investors this morning.