Force Protection Video Equipment Corp (OTCMKTS:FPVD) Stock Falls 19% In a Week: Here is Why

Force Protection Video Equipment Corp (OTCMKTS:FPVD) is a company with a difference. It is well known for data, insights and identity creation which are sourced ethically and on top of that, it also offers a media activation platform.

Market Action

On Thursday, FPVD stock ended flat at $0.0023 with 1.06 million shares, compared to its average volume of 7.19 million shares. The stock has moved within a range of $0.0022 – 0.0027 after opening trade at $0.0022.

Latest News

Yesterday, the company was in the news after it announced that it had completed its merger with identity verification company BritePool Inc. BritePool is primarily involved in providing its services to advertisers and publishers and there is no doubt that the merger represents a significant development for BIGtoken. However, the announcement did not come as a boost for the BIGtoken the stock and the stock suffered from a strong selloff after the announcement was made.

The BIGtoken stock slumped by as much as 19% yesterday and it seems that investors were not particularly happy with the news about the merger. In addition to that, the company also announced the change of its name from Force Video Protection Equipment Corp to BIGtoken on Thursday. It should be noted at this point that BIGtoken has also sent in an application to FINRA for the purpose of changing the ticker symbol of its stock in the Over The Counter exchange.

Traders Note

FPVD stock is trading below the 20-Day and 50-Day Moving averages of $0.0028 and $0.0038 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 40.

Related Posts

About The Author