VYRE Network (OTCMKTS:CAPV) jumped 25% on Friday, but the stock was up 190% over the past week. The Cabo Verde Capital wholly-owned company announced the completion of its Samsung TV Vyre App integration, expanding its reach to the OTT platform.
Trading Data
On Friday, CAPV stock ended higher by 25% to $0.32 with more than 402K shares, compared to its average volume of 255K shares. The stock has moved within a range of $0.2800 – 0.3870 after opening trade at $0.28.
VYRE Network Completes Its Samsung TV VYRE App Integration
As a result, users can enjoy free curated content offered through VYRE Network and internal channels. The addition is an expansion of the VYRE niche channels ecosystem and movies library, TV series, and shows on Roku, Apple, and Amazon Fire Stick entertainment platforms.
The company thought that it was vital to integrate on the Samsung Smart TV Platform considering Samsung Electronics has topped the TV market globally for the 15th year running. According to new data for a market research company, Omdia, Samsung had 31.8% in TRV market share in terms of revenue, retaining the biggest yearly market share category by revenue this year at 31.9%.The addition is part of plans to add the VYRE app to OTT platforms. Therefore, investors should watch CAPV.
Technical Data
CAPV stock is trading above the 50-Day and 200-Day Moving averages of $0.0823 and $0.0337 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.1310. The stock is up 288% in the past month.
