Launch of new products are often seen as a positive trigger among investors and hence, it was perhaps not a surprise that the Clearday Inc (OTCMKTS:CLRD) stock was on the move last week. Over the course of the past week, the stock has moved strongly and managed to deliver gains of as much as 5%.
Trading Data
On Friday, CLRD stock fell 0.83% to $2.40 with 1.1k share, compared to its average volume of 2.99k shares. The stock has moved within a range of $2.4000 – 2.4000 after opening trade at $2.40.
Clearday Inc. Launches Clearday Direct
That being said, the more interesting bit for investors is possibly the announcement from the company on Friday with regards to the launch of the Clearday Direct brand. The company noted that the product is being launched in order to boost the number of revenues streams that are available for Clearday.
In this situation, it may be a good idea form investors to take a closer look at the nature of the product. The company noted that the new product is going to provide the members, residents and other care providers at Clearday with direct access to products and services.
It goes without saying that it is a product that could eventually prove to be a significant success for the company. That being said, investors could do well to keep an eye on the developments and then make a decision one way or another.
Key Quote
James Walesa, CEO of Clearday, stated, “We are very proud to have developed these products and services over the last year. We look forward to bringing these benefits to more of our residents and members and to other Care providers. We are confident that these products and services enable Clearday Direct to be a primary source for serving the non-acute care needs of older Americans.”
Technical Data
CLRD stock is below the 20-Day and 50-Day Moving averages of $2.64 and $3.07 respectively. Moreover, the stock is trading below the 200-Day moving average of $3.63. The stock is down 14% in the past month.
