The InnerScope Hearing Technologies Inc (OTCMKTS:INND) stock was back in focus among investors on Wednesday and ended the day with gains of as much as 20%.
Although the gains made by the stock are expected to bring the stock into focus among many investors today, it should be noted that there was no news about the company that could have brought about such gains. The last major news in relation to the company emerged back on July 14 when the company announced that it inked a partnership with New to The Street TV for the production of digital as well as commercial billboards aimed at raising hearing loss awareness.
It was a major new development for InnerScope Hearing Technologies and could bring in much needed publicity to the sort of products that it sells.
As per the partnership agreement signed with New to The Street TV, there are going to be as many as 660 commercials, which are going to be spread equally over a period of 6 months. In addition to that, there are also going to be as many as 156 digital billboards which are going to be located in Lower Manhattan in New York and run thrice in an hour.
Market Reaction:
On Wednesday, INND stock surged 20.61% at $0.0148 with more than 91.13 million shares, compared to its average volume of 57.74 million shares. The stock has moved within a range of $0.0140 – 0.0160 after opening the trade at $0.0150. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0980.
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