Profit booking from investors can often be a major factor behind the fall in stock prices and that is what seemed to have happened with the Two Hands Corporation (OTCMKTS:TWOH) stock on Monday.
There was no news about the company yesterday and as a matter of fact, there has been no news about Two Hands for well over a month. It was back on July 7 that the company made an announcement with regard to its new strategic direction and investors could do well to take a closer look at it. At the time, the company announced that it was going to be focussed on the grocery market.
The company announced that it was going to accomplish it through three on demand brands in the food industry. One of those is Cuore Food Services while the other two are Grocery Originals and GoCart City. The announcement was made by the company after a review had been conducted by the Two Hands Board of Directors.
At the review, it was also determined that those three food brands are going to be the most important drivers of growth for the company going forward. It remains to be seen if the stock can make a recovery today.