On Wednesday, Vaycaychella Inc (OTCMKTS:VAYK) came into focus among investors in a big way and ended up with gains of as much as 13% amidst significant interest.
Market Reaction
On Wednesday, VAYK stock surged 13% to $0.0035 with more than 1.72 million shares, compared to its average volume of 2.86 million shares. The stock moved within a range of $0.0031 – 0.0040 after opening trade at $0.0031.
The company was actually in the news yesterday after it announced that it was soon going to launch the latest version of its Peer 2 Peer Alternative Finance Application that had actually won awards. The app in question is meant for getting finance for buying vacation properties that could generate income. It was a major new announcement from the company and was welcomed by investors as well, as was apparent from the rally in the stock.
In this regard, it may be a good idea for investors to actually take a look at the nature of the company as well. It is a technology company that is looking to make it easier for interested people to have access to vacation properties for the short term. In other words, Vaycaychella is perhaps similar to Airbnb. The latest announcement is perhaps another step in the right direction and it may be a good time for investors to now consider adding the stock to their watch lists.
Traders Review
VAYK stock is trading below the 20-Day and 50-Day Moving averages of $0.0039 and $0.0041 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0090.
