It has not been a particularly stable period for the Yuengling Ice Cream Corporation (OTCMKTS:ARSN) stock in the past week but the good news is that the stock actually made a recovery yesterday and ended the day with gains of as much as 6%.
Trading Data
On Monday, ARSN stock gained 5.88% to $0.0009 with more than 86.09 million shares, compared to its average volume of 31.06 million shares. The stock has moved within a range of $0.0008 – 0.0012 after opening trade at $0.0008.
Yuengling’s Ice Cream’s New President and CEO, Robert Bohorad, Addresses the Market
That being said, it is necessary for investors to remember that over the course of the past week, the stock is still down by 14%. As a matter of fact, the company was in the news yesterday after its new Chief Executive Officer and President Robert Bohorad provided a update that was meant for the markets.
He stated that the company had actually had no communication with the market for quite a while and hence, in his capacity as the new CEO, it was necessary to establish communications again. He stated that although the company has struggled over the course of the past two and a half years, he was excited about the future.
He went on to state that at his point it is imperative to stabilise the company and to that end, a two year financial audit had also been completed. It may be a good move for investors to keep an eye on the Yuengling’s Ice Cream Corporation stock at this point.
Technical Data
ARSN stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0013 respectively. Moreover, the stock is below 200-Day moving average of $0.0020.
