If you take a look at some of the stocks which have performed poorly in the past week the ORHub Inc (OTCMKTS:ORHB) stands out as one of the significant laggards.
Trading Data
On Monday, ORHB stock fell 2% to $0.0245 with more than 102k shares, compared to its average volume of 56.6k shares. The stock has moved within a range of $0.0245 – 0.0275 after opening trade at $0.0251.
ORHub Announces Sean McMenamin As An Independent Member Of The Board
During the period, the stock has suffered from a significant selloff and gone down by as much as 35% as a consequence. In light of such a decline, it may be the right time to take a look at the announcement made by the company yesterday and try to figure out if the stock can actually bounce back any time soon.
The company was in the news yesterday after it announced that it had inducted Sean McMenamin to its Board of Directors. The addition of new personnel to the board is almost always intriguing since they often bring a new perspective to the business. McMenamin is going to be involved in providing broad based oversight to the top management of the company.
In addition to that, he is also going to be involved in overseeing audits and any potential acquisitions that ORHub might consider. At this point in time, it may be a good idea for investors to keep track of the company and further developments before making any moves on the ORHub stock.
Key Quote
“The opportunity ORHub has to improve financial transactions and business efficiency for hospitals and medical device manufacturers is impressive,” stated Mr. McMenamin. “The industry is in need of a solution and the financial impact will be a win for everyone.”
Technical Data
ORHB stock is trading below the 20-Day and 50-Day Moving averages of $0.0276 and $0.0269 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0297. The stock is down 13% in the past week.
