VYRE Network (OTCMKTS:CAPV) was back in focus among investors on Monday following another major announcement from the company. However, it should be noted that the stock did not perform well and in fact ended the day with a decline of as much as 7%.
Trading Data
On Monday, CAPV stock fell 7.40% to $0.2352 with 40k shares, compared to its average volume of 153K shares. The stock has moved within a range of $0.2180 – 0.2546 after opening trade at $0.2546.
VYRE Network Is Now Available on Major Airlines Through Its Partnership with Anuvu
In this situation, it could be a good move for investors to take a look at the announcement from VYRE Network yesterday. The company announced yesterday that it had gone into a partnership with the major high speed connectivity and entertainment solutions firm Avunu. It marks a major new partnership for the company but the announcement did not lead to any rally in the VYRE Network stock.
The importance of the partnership lies in the fact that VYRE Network’s array of content will now be available on airlines as well and that marks the company’s move into a new market altogether. The content is going to be made available in some of the leading airlines which operate across the world and it goes without saying that it could prove to be a major long term boost for VYRE.
While the stock did decline yesterday, it might still be a good idea to keep an eye on the VYRE stock.
Key Quote
“Anuvu is pleased to bring this partnership to life and begin delivering VYRE Network’s captivating entertainment content to audiences inflight,” said Gabriella Wilkie, Sr. Manager of International Acquisitions for Anuvu. “We’re known for delivering unique and captivating content to airlines, so they can provide excellent experiences to their passengers, and our partnership with VYRE Network will allow us to continue to diversify our media library.”
Technical Data
CAPV stock is trading below the 10-Day and 20-Day Moving averages of $0.2611 and $0.2780 respectively. However, the stock is trading above the 200-Day moving average of $0.0553.
