In the past week, investors have moved in on the Rego Payment Architectures (OTCMKTS:RPMT) stock in a big way and that has seen the company’s stock returning gains of as much as 5% over the period.
Trading Data
On Wednesday, RPMT stock moved up 1.14% at $0.8395 with more than 188K shares, compared to its average volume of 72K shares. The stock has moved within a range of $0.6949 – 0.8445 after opening trade at $0.79.
Key Updates
In this context, it may be important for investors to keep in mind that on Wednesday it emerged as Rego Payment is currently leading the push with regards to online safety and children’s online safety that is being championed by United States lawmakers at this point. At a recent hearing of the United States House of Representatives, the lawmakers highlighted the provisions of the Children’s Online Privacy Protection Act (COPPA).
It is an important act and is part of the larger initiative to hold big tech companies accountable. The Children’s Online Privacy Protection Act makes it illegal for tech companies to collect information about those below the age of 13 without the parents’ consent.
It emerged that Rego Payment is working to ensure safety for children through its independently COPPA certified digital wallet platform named Mazoola. It is a platform that can keep the identity of a child private and thus ensure greater safety for children. It may be a good time to start tracking the stock.
Technical Data
RPMT stock is trading above the 20-Day and 50-Day Moving averages of $0.77 and $0.80 respectively. However, the stock is trading below the 200-Day moving average of $0.92. The stock is down 17% in the past 3-month.
