Fast emerging direct to consumer hearting technology company InnerScope Hearing Technologies Inc (OTCMKTS:INND) saw its stock come into considerable focus among investors yesterday following a key announcement.
Market Action
On Monday, INND stock ended higher by 13% to $0.0113 with 30.40 million shares, compared to its average volume of 77.10 million shares. The stock has moved within a range of $0.0100 – 0.0115 after opening trade at $0.0105.
Recent News
The company announced yesterday that its Matthew Moore, its Chief Executive Officer, had been invited to make a presentation at the Emerging Growth Conference. These are important events for any company and naturally, the announcement led to considerable excitement among investors. As investors piled on to the stock in a big way yesterday, the InnerScope Hearing Technologies stock went up by as much as 13% as a consequence.
It should be noted that events of this nature can prove to be highly beneficial for companies and hence, the announcement had led to a degree of optimism among investors.
The event in question is a live interactive online event. Investors as well as those who attend the event are going to have the opportunity of interacting directly with the CEO of InnerScope Hearing Technologies directly. The event is going to be held tomorrow and it now remains to be seen if there is further action in the InnerScope Hearing Technologies stock over the course of the coming days.
Traders Note
INND stock is trading below the 20-Day and 50-Day Moving averages of $0.0119 and $0.0139. Moreover, the stock is trading is the overbought zone with RSI stands at 45.
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