Stem Holdings Inc. (OTCMKTS:STMH) Stock Fall 12% in a Week: Here is Why

Stem Holdings Inc. (OTCMKTS: STMH) stock is down 12% in a week after the company announced the induction of its VP and Chief Operating Officer Ellen Deutsch into the Long Island Business Hall of Fame.

Market Reaction

On Tuesday, STMH stock slid 0.80% to $0.1855 with more than 175k shares, compared to its average volume of 320K shares. The stock has moved within a range of $0.1823 – 0.1897 after opening the trade at $0.19.

Latest News

The Long Island Business News hosted the ceremony at Crest Hollow Country Club, Woodbury, on November 9, 2021. This induction is an honor for individuals that have shown commitment to excellence. Most importantly, the event comprises respectable Long Island business community leaders, and inductees are chosen by the leaders based on their commitment to excellence.

The company’s CEO, Adam Berk, said that they are delighted that Ellen has been inducted into the Long Island Business Hall of Fame. Berk said that the Long Island Business News leadership acknowledged Ellen’s fundamental knowledge, operational expertise, and leadership guidance that has influenced the company’s strategic directions and long-term growth objective execution. Ellen said that she is honored to be inducted into the Long Island Hall of Fame, which is an important recognition. Therefore, in the coming weeks, investors should watch STEM.

Key Quote

“We are thrilled that Ellen has been honored by the Long Island Business News with a well-deserved appointment to the Long Island Business Hall of Fame,” stated Adam Berk, Chief Executive Officer of Stem. “The leadership, fundamental knowledge and operational expertise under Ellen’s guidance has provided significant influence on the overall strategic direction and execution of our long-term growth objectives.”

Traders Review

STMH stock is trading below the 20-Day and 50-Day Moving averages of $0.21 and $0.58 respectively. However, the stock is trading below the 200-Day moving average of $0.46. The stock is down 35% over the past 3-month.

Admin

Leave a Reply

Your email address will not be published. Required fields are marked *