This morning many investors are likely to track the Wishpond Technologies Ltd (OTCMKTS:WPNDF) stock in light of the fact that it had emerged as one of the major gainers yesterday. The stock had ended up with gains of as much as 16% yesterday after the marketing related online solutions provider made a key announcement yesterday.
Trading Data
On Tuesday, WPNDF stock moved up 15.63% to $1.03 with more than 100 shares, compared to its average volume of 6.9K shares. The stock has moved within a range of $1.0300 – 1.0300 after opening trade at $1.03.
Completes Acquisition of Winback – Adding SMS Marketing Solutions to its Platform
The company announced yesterday that it had been successful in wrapping up the acquisition of some assets and liabilities from the company AtlasMind Inc. It should be noted that it ahd all been announced previously by Wishpond Technologies.
The acquisition of the assets from AtlasMind was completed by Wishpond Technologies through the payment of cash to the tune of as much as $700,000. The money came out of the cash that Wishpond Technologies had in hand. AtlasMind, which is better known as Winback, helps Wishpond Technologies with automatic text message based marketing solutions.
It could prove to be an important acquisition for the company and hence, the rally in the stock on Tuesday was perhaps understandable. At this point in time, investors could consider adding the Wishpond Technologies stock to their watch lists and keep an eye on the price action.
