RDE Inc (OTCMKTS:RSTN) is best known for operating the restaurant deals digital platform Restaurant.com and over the course of the past week, the company’s stock has performed quite strongly.
Trading Data
On Thursday, RSTN stock ended flat at $1.20 with 12k shares, compared to its average volume of 917 shares. The stock has moved within a range of $1.2000 – 1.2000 after opening trade at $1.01.
RDE, Inc.’s Restaurant.com Launches Curated Deals on Its Digital Marketplace
During the period, the stock attracted considerable attention and ended up clocking gains of as much as 20%. In light of such strong gains, it may be a good time for investors to take a look at the announcement from RDE Inc on Thursday. The company announced that it launched a new marketplace made up of curated digital deals and it is aimed at building RDE Inc’s strength in its chosen industry.
This is a unique feature and will allow the partnering restaurants with RDE to provide deals to customers on the basis of its own needs. For instance, it is possible for a restaurant to offer a deal for a specific dish or a beverage with the specific goal of attracting diners. It is a unique initiative from the company and it remains to be seen over the coming months if it proves to be a success or not. At this point, it may be a good move from investors to add the stock to your watch lists.
Technical Data
RSTN stock is trading in the oversold zone as RSI stands at 22. RSTN stock is trading below the 20-Day and 50-Day Moving averages of $1.61 and $1.58 respectively. The stock is up 14% in the past year.
