There have been many stocks which have managed to record significant gains over the course of the past week and one of those was the ADM Endeavors Inc (OTCMKTS:ADMQ) stock.
On Wednesday, ADMQ stock increased 2.34% at $0.0875 with more than 518k shares, compared to its average volume of 541k shares. The stock has moved within a range of $0.0761 – 0.0900 after opening trade at $0.0860.
Announces Insider Buying
The stock has attracted considerable attention from investors during the period and has managed to clock gains of as much as 10%. There was no news about the company yesterday but in this regard it might be a good time to take a look at a major development from earlier on this week on November 30. At the time it emerged that the Chief Executive Officer of the company Marc Johnson had acquired as many as 1749800 shares in ADM Endeavors from the open market.
The purchase of such a large chunk of shares from the company’s CEO is almost always seen as a significant positive by investors and for good reason. It indicates that the company’s top executive is bullish its prospects and that leads to higher investor confidence. It is now going to be interesting to see if the stock can manage to maintain the momentum that it has gained over the course of the past week. It might be a good move to keep the stock in your watch lists.
ADMQ stock is trading above the 20-Day and 50-Day Moving averages of $0.0788 and $0.0738 respectively. Moreover, the stock is above 200-Day moving average of $0.0791. The stock is up 1% in the past month.