Those who may be looking into premarket action this morning might have noticed that the IZEA Worldwide Inc (NASDAQ:IZEA) stock has already made an upward move and is up by as much as 5%. Hence, it is quite likely that the stock is going to come into significant focus during the trading day.
Trading Data
On Monday, IZEA stock ended lower by 6.34% to $1.33 with more than 782k shares, compared to its average volume of 1.42 million shares. The stock has moved within a range of $1.3200 – 1.4200 after opening trade at $1.41.
IZEA Announces Engagement of Kingsdale Advisors in connection with Annual Meeting of Shareholders
In order to get an understanding behind the premarket rally in the IZEA stock, it may be a good idea to take a look into the announcement from the influencer marketing technology company yesterday. IZEA announced yesterday that it had that it had hired the services of the firm Kingsdale Advisors for the purpose of getting a quorum at the annual meeting of shareholders.
In this context, it should be noted that the annual meeting of shareholders that had been scheduled back on December 15, 2021 had been adjourned. The date for the annual meeting has since been changed to January 14, 2022 and it is going to commence at 11 a.m. Eastern Time.
The meeting is going to be held at the same location. It seems that investors are optimistic about the fact that the annual meeting of shareholders is going to go ahead without any glitch this time.
Technical Data
IZEA stock is trading below the 20-Day and 50-Day Moving averages of $1.53 and $1.83 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.56. The stock is down 25% in the past month.
