On Thursday, the integrated media firm IDW Media Holdings Inc (NYSEAMERICAN:IDW) saw its stock trading within a range and in this regard, it should be noted that stocks which trade within a range can often breakout strongly as well. Hence, it might not be a bad idea to take a closer look at it.
There was no news about the company yesterday but back on August 31, IDW Media announced that it reinforced its position as a major player in the graphic and comic book publishing space by bagging three well known awards. The awards in question are the Mike Wieringo Comic Book Industry Awards, Will Eisner Comic Industry Awards and the National Cartoonists Society’s Reuben Division Awards.
Those are all important awards and are expected to further burnish the credentials of IDW Media Holdings in a big way. However, it did not seem that investors were particularly thrilled with the development and the stock remained steady on Thursday. That being said, it is important to keep in mind that such awards can go a long way in further boost the company’s business and the long term impact remains to be seen. It might be a good idea to keep an eye on the IDW Media stock over the coming weeks.