Home Bistro Inc (OTCMKTS:HBIS) has made a name as one of the major online platforms which helps people in ordering gourmet, chef inspired ready to eat meals and it has grown in popularity in recent times. Yesterday, the Home Bistro stock had emerged as one of the major movers in the market following a significant announcement and ended the day with gains of as much as 18%.
Trading Data
On Tuesday, HBIS stock soared 17.65% to $1.20 with more than 7.9k shares, compared to its average volume of 18.8k shares. The stock has moved within a range of $0.8755 – 1.2000 after opening trade at $0.8755.
Home Bistro Inc. and Model Meals Named by NY Post to List of Best Home Meal Delivery Services of 2022
Yesterday, the company came into focus after it announced that the leading publication New York Post had named Home Bistro along with Model Meals as the two best meal home delivery services for the year 2022.
It goes without saying that it is a major recognition for the company. However, at the same time, it is also necessary for investors to note that a recognition of this nature from such a widely read publication is also going to lead to higher popularity for the Home Bistro brand.
As a result, it is easy to see why investors have shown such excitement about the development. It now remains to be seen if the Home Bistro stock can now manage to maintain its momentum and keep adding to its gains.
Key Quote
Zalmi Duchman, Home Bistro CEO stated, “We are proud that both our Home Bistro and Model Meals brands were named to the NY Post list. We continue to strive for the perfect customer experience while always looking for ways to improve. It’s gratifying to receive the recognition resulting from the hard work of our employees and which should ultimately benefit our shareholders.”
Technical Data
HBIS stock is above the 20-Day and 50-Day Moving averages of $1.03 and $1.02 respectively. Moreover, the stock is trading above the 200-Day moving average of $1.07. The stock is up 33% in the past month.
