Stocks may often trade in a range but that does not mean that those stocks are supposed to be ignored especially if the companies are in the news. That bring us to the subject of the BlueOne Card Inc (OTCMKTS:BCRD) stock, which was trading within a range on Wednesday.
BlueOne Card Inc. Announces the U.S. Retail Launch of its Prepaid Mastercard
That being said, it may be a good idea now for investors to consider taking a look at the announcement from BlueOne yesterday. The company announced yesterday that it planned to have the retail sales launch of BlueOne Card, its flagship product at some point in February.
It was a major announcement from the company and it now remains to be seen how the card is received by retail customers. Despite the significance of the announcement, investors remained largely cautious with regard to the BlueOne Card stock on Wednesday.
The card in question is a prepaid Mastercard and is issued by Axiom Bank. It may be a good idea now for investors to consider adding the stock to their watch lists and keep an eye on the developments over the course of the coming days. It will be interesting to see if the BlueOne stock breaks out today.
Key Quote
James Koh, Chairman of BlueOne Card Inc., said “We are very excited for our upcoming retail launch and for the chance to quickly expand our user-base. There are a growing number of people in the United States that are not able to utilize traditional banking, but with the BlueOne Card, they can enjoy all the banking services that have eluded them to this point. Our product is perfectly positioned to fill the growing need for financial services by a large sector of the population. More updates will be forthcoming.”
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