Acorn Energy Inc (OTCMKTS:ACFN) Stock Gains Momentum: What’s The Buzz?

Acorn Energy Inc (OTCMKTS:ACFN) is an innovative company which is involved in providing IoT (Internet of Things) remote monitoring and controlling services meant for standby power generating systems, air compressors and gas pipelines among others.

Market Action

On Tuesday, ACFN stock  gained 4.18% at $0.6251 with more than 17k shares, compared to its average volume of 33k shares. The stock has moved within a range of $0.6250 – 0.6500after opening the trade at $0.6250.

Latest News

Yesterday, the stock had come into focus among investors after it made a key announcement and ended the day with gains of as much as 4%. The company announced yesterday that it was going to have its conference call for the third fiscal quarter of 2021 on November 10, 2021. It seems that the announcement led to a certain degree of excitement among investors and led to the rally.

The President and Chief Executive Officer of the company Jan Loeb and the Chief Financial Officer Tracy Clifford, are going to be present at the conference call. The two executives are going to have a discussing with regards to the third quarter results.

Subsequently, they are also going to field questions from investors with regards to the performance in the quarter. The financial results are going to be reported before the opening of the capital markets on the same day. At this point, it might be a good move to add the Acorn Energy stock to your watch lists.

Traders Note

ACFN stock is trading above the 200-Day and 20-Day Moving averages of $0.58 and $0.60 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.61. The stock is up 8% in the past 3-month.

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