Semiconductor devices company Odyssey Semiconductor Technologies Inc (OTCMKTS:ODII) was one of the notable movers on Monday and ended the day with gains of as much as 4% amidst heavy action. As a matter of fact, the stock climbed yesterday after the company came up with more updates with regards to its participation at a virtual investor conference which will take place soon.
Market Reaction
On Monday, ODII stock gained 3.63%% to $2 with 2K shares, compared to its average volume of 2.9K shares. The stock moved within a range of $1.9900 – 2.0000 after opening trade at $1.99.
Major Details
The company announced yesterday that its management is going to be available for one to one meetings at the conference. In addition to that, the management will also make a presentation at the virtual group webcast.
The investor conference is going to take place on March 8 and on the same day, it is going to be possible for analysts to ask for one on one meetings with the Odyssey management. Events of the nature can often prove to be quite important for companies as it can help them in providing key details about its operations and its future.
Direct interactions with investors can also prove to be an important boost. Hence, the optimism about the stock that was seen yesterday was perhaps not a complete surprise. It may be a good idea to add the stock to your watch lists.
Traders Review
ODII stock is trading above the 20-Day and 50-Day Moving averages of $1.90 and $1.90 respectively. However, the stock is trading below the 200-Day moving average of $2.39.
