Although it is true that the VYRE Network (OTCMKTS:CAPV) stock has performed poorly over the past week and clocked losses of 26% in the period, it made an important announcement yesterday that investors could look into.
Trading Data
On Wednesday, CAPV stock slid 2% to $0.2225 with more than 142K shares, compared to its average volume of 158K shares. The stock has moved within a range of $0.2100 – 0.2390 after opening trade at $0.2390.
VYRE Network Launches Its Time Square New Year’s Eve Marketing Campaign Today
The company was in the news yesterday after it announced that it was going to launch a new marketing campaign named Times Square New Year’s Eve Ball Drop. The campaign in question was supposed to have been launched yesterday. In this context, it was also announced that the VYRE Network logo was also going to be displayed at the time of the New Year Ball drop ceremony.
It needs to be pointed out in this context that the event in question is an important one and the company noted that the marketing campaign in Times Square is expected to be a significant success.
The event is watched by millions of people every year and hence, the VYRE brand is going to be get a lot of publicity. While it is a major development for the company, it remains to be seen if it has any effect on the VYRE stock in the lead up to the event.
Technical Data
CAPV stock is trading below the 20-Day and 10-Day Moving averages of $0.2593 and $0.2953 respectively. However, the stock is trading above the 200-Day moving average of $0.0518.
