Yesterday, the Sino United Worldwide Consolidated Ltd (OTCMKTS:SUIC) stock was on the move after a significant development.
Market Action
On Tuesday, SUIC stock gained 6% at $0.8379 with more than 8.8K shares, compared to its average volume of 25k shares. The stock has moved within a range of $0.6128 – 0.8500 after opening the trade at $0.6128.
Latest News
The stock jumped by as much as 6% on Tuesday after it emerged that the adviser to SUIC Strategic Group Maninder Bhullar and two well known banking experts will participate in the first of a number of television interviews next Tuesday. At the interview that is going to be held on November 16, the three individuals are going to be involved in a discussion with regards to The New Age Banking Ecosystem and the SUIC Midas solutions.
While the gains made by the stock on Tuesday were notable, it should also be noted that the stock has moved strongly over the past week and delivered gains of as much as 40%. The interviews in question are going to be conducted by FMW Media Inc and starting from November 16, the series will continue for 18 months consecutively. However, more importantly, it is important to note that the interviews are going to be broadcast on some of the more popular networks. The networks include Newsmax, Fox Business Network, Bloomberg and Fox News among others. Those are all highly popular networks and could grab a lot of eyeballs.
Traders Note
SUIC stock is trading below the 20-Day and 50-Day Moving averages of $0.96 and $1.16 respectively. Moreover, the stock is trading below the 200-Day moving average of $3.23. The stock is down 24% over the past month.
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