Over the course of the past days, the Two Hands Corporation (OTCMKTS:TWOH) stock has been in the middle of a bit of a downturn and has declined by 7% in the past week.
Market Action:
On Thursday, TWOH stock decreased 2.04% at $0.0024 with more than 143.94 million shares, compared to its average volume of 177.71 million shares. The stock has moved within a range of $0.0023 – 0.0026 after opening the trade at $0.0026.
Sales Grow as Expansion and Distribution Continues
In this situation, it might be a good idea for investors to figure out if the latest decline in the stock price could in fact be an opportunity for new investors. As a matter of fact, Two Hands Corporation was in the news yesterday after it made an announcement with regards to the sales that it had made in the first three weeks of this month.
The company noted that the sales during the above mentioned period were higher than the total of all orders that had been fulfilled in July and August.
Nadav Elituv, who is the Chief Executive Officer of the company, stated that Two Hands started scaling up its business and it has also been working diligently in order to roll out new programmes. He added that the rollout of new programs has been successful. The sales performance in the first three weeks of October is a significant announcement from the company and it remains to be seen if the stock can now bounce back quickly.
Traders Note:
TWOH stock is trading below the 20-Day and 50-Day Moving averages of $0.0027 and $0.0030 respectively. The stock is up 10% so far this year.
