On Wednesday the cloud based SaaS solution Play MPE manufacturer Destiny Media Technologies Inc (OTCMKTS:DSNY) was in the news but it did not make a dent in its stock, as it continued to trade within a range.
Market Action
On Wednesday, DSNY stock ended flat at $0.95 with 100 share, compared to its average volume of 5.1k shares. The stock moved within a range of $0.9500 – 0.9500 after opening trade at $0.95.
Key Details
However, it may be a good move from investors to perhaps take a look at the announcement from yesterday and then make up their minds about the stock. Destiny Media announced yesterday that it was going to host a live webinar next week on April 13, 2022 and it would begin at 2 in the afternoon Pacific Standard Time.
Events of such nature can often provide a significant glimpse into the company’s workings and provide investors with valuable information as well.
While it is true that the stock did not make any move yesterday, it doesn’t mean it is not going to in the future and hence, it could be a good idea for investors to keep an eye on the Destiny Media stock over the coming days. It will be interesting to see if the stock gets any traction in the days leading up to the day of the seminar next week.
Traders Note
DSNY stock is trading below the 20-Day and 50-Day Moving averages of $1.01 and $1.11 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 40.
 Stock In Focus Ahead of Q2 Earnings){kind=link}