In recent days, the Max Sound Corp (OTCMKTS:MAXD) has been one of the laggards and the selloff in the stock continued yesterday. The stock declined by 20% yesterday to takes its losses for the week so far to as much as 36%. Although the decline recorded by the stock has been considerable, it is also important for investors to remember that there has been no fresh news about the company in the past week.
As a matter of fact, the last important piece of new in relation to Max Sound was back in March when the company announced the signing of a joint venture licensing agreement for lending its HD Audio Technology to Formula 4 protocol.
It is a significant development for the company considering the fact that Formula 4 protocol is currently one of the more popular emerging Life Mastery programs in the worked. At the time, it had been announced that the Formula 4 protocol was going to start upgrading the system immediately and provide a new and improved product.
The HD Audio Technology from Max Sound Corp is expected to provide people with a much better experience. At this point, it is going to be interesting to see if the Max Sound stock an actually manage to mount a recovery or not.
Market Reaction:
On Tuesday, MAXD stock fell 20% to $0.0016 with more than 61.96 million shares, compared to its average volume of 48.49 million shares. The stock has moved within a range of $0.0016 – 0.0020 after opening the trade at $0.0020. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0196.
 Stock Falls 35% in a Week: Time To Buy?){kind=link}