Considering the tough time that the Glucose Health Inc (OTCMKTS:GLUC) stock has had over the course of the past few days, it may be a good idea to take a look at it and figure out if it might be an opportunity for new investors. The stock continued to be in the middle of a downward spiral and went down by as much as 12% on Tuesday.
On Tuesday, GLUC stock ended lower by 12% to $$1.10 with more than 83k shares, compared to its average volume of 20k shares. The stock has moved within a range of $1.0100 – 1.4100 after opening trade at $1.22.
Glucose Health, Inc. USPTO Patent Filing Asserts First Use of Nutritional Composition Underlying GLUCODOWN®
In addition to that, the decline in the stock yesterday actually took its declines for the past week to as much as 30%. Despite the poor performance of the stock, it is important for investors to keep in mind that the company did make a major announcement yesterday.
The company announced yesterday that it had filed a patent application with the United States Trademark and Patent Officer for “Compositions and Methods for Metabolic Health”. The company noted that it had actually filed the patent on December 23, 2021.
The filing of a new patent is almost always a source of optimism for investors but things did not quite work out in the same way for the Glucose Health stock yesterday. At this point, it remains to be seen if the stock can make a recovery any time soon.
GLUC stock is trading below the 20-Day and 50-Day Moving averages of $1.66 and $1.98 respectively. However, the stock is trading below the 200-Day moving average of $2.83.