AppTech Corp (OTCMKTS:APCX) Stock Takes a Hit: Here is Why

Shares of AppTech Corp (OTCMKTS:APCX) closed sharply lower on Friday and down 30% in a week.

Market Reaction

On Friday, APCX  stock slumped 25% to $1.35 with 30K shares, compared to its average volume of 7k shares. The stock has moved within a range of $1.2400 – 1.5600 after opening trade at $1.56.

AppTech Corp. appoints Ben Jenkins as Chief Technology Officer

Fintech company powering commerce experiences, AppTech Corp (OTCMKTS:APCX), confirmed on December 3, 2021, that Ben Jenkins has joined the Executive Management Team as the Chief Technology Officer.

Jenkins joins the firm from Innovations Realized, playing an integral role in ensuring the digital transformation of the platform. Jenkins will be overseeing strategy, development as well as market execution of the company’s core technology services and platform.

AppTech President Virgil Llapitan said that the passion for disruptive innovation and continual learning reflect in leadership skills of Jenkins. Furthermore, Llapitan added that Ben’s track record of building scalable solutions makes him a credible person to lead the initiative aimed at augmenting the value of customers.

With over two decades of blended experience developing fresh products, opening new market opportunities as well as driving growth through start-up technology innovation, Ben has founded Innovations Realized for leading enterprise businesses in centralization, transformation as well as execution of FinTech strategies.

He has also spent the last five years working with different clients across geographies and markets leveraging relationships within banking systems and deep industry knowledge.

Ben Jenkins said that it is an exciting time to be engaged in the fintech sector considering emerging digital trends as well as blockchain innovation.

Jenkins added that the platform will deliver newer integrations as well as solutions to the market helping customers navigate and develop seamless experiences.

Key Quote

“We are excited to welcome Ben to our team,” said Virgil Llapitan, AppTech President. “His passion for continual learning and disruptive innovation are well reflected in his leadership skills. Ben’s proven track record of building scalable solutions at large companies like Blackbaud positions him well to lead our initiatives aimed at increasing value for our customers.”

Traders Review

APCX stock is trading below the 10-Day and 20-Day Moving averages of $1.75 and $2.59 respectively. However, the stock is trading above the 200-Day moving average of $1.86.

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