Holding company Vizconnect Inc (OTCMKTS:VIZC), which is based out of Massachusetts, saw its stock come into major focus last Friday as it ended the day with gains of as much as 30%.
Market Reaction
On Friday, VIZC stock fell 2.40% to $5.34 with more than 2.01 million shares, compared to its average volume of 3.15 million shares. The stock moved within a range of $5.34 – 5.47 after opening trade at $5.47.
Key Details
Although the gains were significant, it is also necessary to keep in mind that there has been no news about the company that could have led to such a strong rally. In this context, it may be a good idea for investors to perhaps take a look at the company and its business before making their minds up about the stock.
The company is best known for providing business development consultancy services to companies all over the globe. The company seeks to provide a range of services related equity building, debt removal, asset acquisition and revenue boost among others for the purposes of building value for shareholders.
In addition to that, the company also boasts of a highly talented and experienced team which can help with providing these services effectively. That being said, it may be a good idea for investors to perhaps wait for actual news about the company before making a move of any nature with regards to the Vizconnect stock.
Traders Review
VIZC stock is trading above the 20-Day and 50-Day Moving averages of $0.0010 and $0.0009 respectively. However, the stock is trading below the 200-Day moving average of $0.0021.
