Is A Rally Coming? Else Nutrition Holdings Inc (OTCMKTS:BABYF)

Else Nutrition Holdings Inc (OTCMKTS:BABYF) stock is trading a bit higher in the opening session on Wednesday.

Market Action

As of 9:46, BABYF stock has moved up by 1.13% at $1.79. The stock has traded 28K shares, below its average volume of 160K shares.  The stock opened at $1.75 and moved in a range of $ 1.7552-1.7900.

BABYF Release News This Morning

Else Nutrition to launch Plant-Based Toddler Nutrition at Associated Food Stores

  • announces that it will begin distribution with Salt Lake City-based Associated Food Stores (AFS). AFS operates six corporately owned store banners; Lin’s, Macey’s, Dan’s, Fresh Market and select Ace Hardware stores,  as well as serving more than 400 independent grocers in several Western mountain states.
  • AFS is a large retail company, both food and non-food goods, with 1,400 employees and annual revenue of $1.6B. Else’s Plant-Based Complete Nutrition for Toddlers will soon be available in an initial 32 locations, with KeHe to deploy product up to 300 additional independent grocers in the near future.

“Launching at AFS is very important to us, as it significantly boosts the availability of our whole food, clean label offering to millions of more wanting American parents, looking for real solutions for their children,” stated Hamutal Yitzhak, CEO and Co-Founder of Else Nutrition. “With the potential of being in nearly 300 additional, high quality independent grocery outlets shows our commitment to expand U.S. retail distribution by the end of 2021, and beyond,” she added.

Moving Averages

+/- EMA(20)1.87 (-4.28%)
+/- SMA(50)2.16 (-17.13%)
+/- SMA(200)2.37 (-24.47%)

Pivot Points

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