Despite there being no news about CloudCommerce Inc (OTCMKTS:CLWD) on Wednesday, the company’s stock emerged as one of the biggest gainers in the markets yesterday.
There was heavy action in the CloudCommerce stock yesterday and the stock ended the day with gains of a staggering 114%. Considering the fact that the stock rallied to such a degree without any news, the rally could be entirely speculative. However, at the same time, it might be a good move to take a look at a development from July 27.
CloudCommerce is involved in providing tech driven digital advertising solutions and on July 27 it announced that it appointed a new Executive Vice President of Global Sales in the form of Jonathan Romano. It is a key appointment for the company and one that could considerably boost its business in the near future.
In this regard, it should be noted that Romano is a highly experienced executive in this space and has a proven track record as well. He is particularly well known for his work with regards to digital video ad sales. On the other hand, Romano is also known for having the skills for creating and training highly efficient sales teams.