Takeover Industries, which is the owner of premium beverage brand NXT LVL and subsidiary of Labor Smart Inc (OTCMKTS:LTNC), saw its stock experience some heavy action this past Friday. Although there was no news about Takeover Industries, the stock ended the day with gains of as much as 42% as investors piled on to the stock in a big way.
That being said, it might be a good idea for investors to perhaps take a look at an announcement from the company back on August 9. At the time Takeover Industries announced that its line of NXT LVL branded beverages was going to be made available at retail outlets owned by Hy-Vee in the American Midwest.
It goes without saying that the availability of the company’s beverages at one of the biggest retail chains is a major development for Takeover Industries and hence, the bullish sentiments about the stock are perhaps understandable.
The rally in the stock last Friday was possibly triggered by the same sentiments and it is going to be interesting to see if the stock can continued to add to its gains this week. It should be noted that the beverages are going to be made available at as many as 175 convenience stores and 265 grocery outlets owned by Hy-Vee across the Midwest region.
