Mobile applications aggregator and software developer AppSwarm Corp (OTCMKTS:SWRM) has been on the sights of investors in recent days and that is evident from the price action in its stock.
Over the course of the past week, the AppSwarm stock has made a steady move up the charts and managed to deliver gains of as much as 11%. Yesterday, the company was in the news after it announced that it appointed AI VentureTech Inc as the head strategic advisor with regards to Tulsa Labs. The appointment is a significant development and one that could have considerable long term implications for AppSwarm.
In its capacity as the head strategic advisor, AI VentureTech is going to help with the creation of a management team that is going to be working on the Tulsa Labs project. The new team that is going to be put in place is going to be involved in the appointment of project managers who are going to be responsible for different aspects of commercial research.
The research is going to be conducted in subjects like space applications, data consulting and blockchain development. Considering the sort of gains made by AppSwarm, it is a stock that could be added to the watch lists at this point.