The RushNet Inc (OTCMKTS:RSHN) stock did not continue with its rally that had gone on for the previous one week and ended rather flat on Wednesday. However, in this regard it is necessary to point out that in the week leading up to yesterday, the stock had rallied by as much as 100%.
On Wednesday, the company along with its subsidiary company heliosDX announced that Yann Gerville-Reache was appointed as the new Chief Operating Officer of heliosDX. While it was a major development in its own right, it did not lead to any action in the RushNet stock.
That being said, it should be noted that it is a significant appointment and one that could help heliosDX in hitting its goals. Gerville-Reache is a highly experienced executive and her experience spans over a period of more than two decades in the field of operations.
She is going to join up with the executive team at heliosDX who are housed at Orange Park in Florida. While the stock remained flat yesterday, it is going to be interesting to see if there is any new action in the RushNet stock today. Investors could do well to keep an eye on it.
Market Reaction:
On Wednesday, RSHN stock slid 0.76% at $0.0099 with more than 283.10 million shares, compared to its average volume of 302.46 million shares. The stock has moved within a range of $0.0091 – 0.0119 after opening the trade at $0.0105. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0249.
 Stock Consolidates After The Big Jump: A Good Sign?){kind=link}