Where Is The Bottom? SRAX Inc. (NASDAQ:SRAX)

SRAX, Inc. (NASDAQ:SRAX) stock is trading a bit lower on Wednesday after announcing a news.

Grapefruit USA Retains Premier Investor Relations and Communications Marketing Firm SRAX to Raise Its Brand Awareness

  • Grapefruit USA, Inc.,(OTCQB:GPFT) a California based hemp and cannabis company, announces that it has engaged investor relations and communications marketing firm SRAX, Inc. (“SRAX”) (NASDAQ:SRAX) to expose and market the Company, its patented, time-release Hourglass™ topical hemp-derived CBD and THC/cannabinoid product lines, its new e-commerce site and related affiliate program to a wider audience.
  •  and to employ SRAX’s “Sequire” system of investor intelligence and communications tools which will allow the Company to search and monitor key shareholders to track shareholder buying and selling behavior and trends and then use these data-driven insights to engage with shareholders across multiple media channels such as LinkedIn, Facebook, Instagram, Twitter, and traditional display and email channels. The Sequire system will also help the company to identify and secure a wider shareholder base and potential investors.

With respect to Grapefruit’s new relationship with SRAX, Bradley J. Yourist, Grapefruit CEO, stated, “We are pleased to have reached a final agreement with SRAX. Their novel data driven approaches to marketing our products, such as our topical delivery cream, Hourglass™, and creating awareness for our stock certainly represents a significant step forward for the Company in these areas.”

Market Action

As of 9:46, SRAX stock has moved down by 0.85% at $4.68. The stock has traded 155K shares, below its average volume of 735K shares.  The stock opened at $4.75 and moved in a range of $4.6600 – 4.7600. On the other hand, GPFT stock is also fell 2.45% to $0.080 on volume of 1.32 million shares.

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