RDE Inc (OTCMKTS:RSTN) Stock Surges 21% in a Week: What’s The Buzz?

RDE Inc (OTCMKTS:RSTN) is perhaps best known for being the operator of America’s biggest restaurant related digital deals platform Restaurant.com and in recent days, the company’s stock has emerged as a strong performer.

Market Action

On Wednesday, RSTN stock  decreased 3% at $1.70 with more than 1.2K, compared to its average volume of 1k shares. The stock has moved within a range of $1.6300 – 1.7500 after opening the trade at $1.75.

RDE, Inc.’s Restaurant.com Partners with Performance Foodservice

In the past week, the RDE stock has attracted the attention of investors in a big way and managed to record gains of as much as 21%. Yesterday, the company was in the news once again after it announced that it went into a collaboration agreement with Performance Foodservice. Performance Foodservices is a unit of Performance Food Group Company.

As per the terms of this collaboration agreement, the marketing services of Restaurant.com are going to be provided to the restaurant customers of Performance Foodservice. In this context, it should be noted that the division offers a One Source Solutions Partners Program, which is an innovative business network and provides restaurant owners with the task of tackling some of the operational issues that crop up in the business.

Ketan Thakker, who is the Chief Executive Officer of RDE, spoke about the matter as well. He stated that everyone at RDE was thrilled at the possibility of collaborating with Performance Foodservice in its One Source Solutions Partners Program.

Key Quote

Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “We are thrilled to be working with Performance Foodservice and its One Source program, as we believe our Restaurant.com platform and marketing services make an ideal partner. Our goal is to help restaurants find new diners, turn customers into regulars, and build their restaurant business through digital marketing tools.”

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