ShiftPixy (NASDAQ:PIXY) was up 23% and 50% in a week. Notably, social media discussion on the stock has been rising as shares of the workforce management platform continue to soar. For instance, chat conversation on the stock on the famous financial platform StockTwits has almost doubled in recent weeks.
Trading Data
On Friday, PIXY stock jumped 22.86% to $1.29 with more than 26.74 million shares traded, compared to its average volume of 4.33 million shares. The stock has moved within a range of $1.0500 – 1.4900 after opening trading at $1.05.
Major Trigger
In addition, the corporation recently declared intent to join the metaverse, which was a surprising turn of events. ShiftPixy Labs, the company’s subsidiary, will lead the new venture through a customer loyalty program that will immerse consumers in a mixed and augmented reality experiences testing every consumer marketing legacy and tradition. Over the past few days, ShiftPixy Lab’s official Twitter account has also been updating followers on the project.
The loyalty program supports ghost kitchens like Dude Rudy, Bunny Grub, and Nacho Nukes. Ghost kitchens are physical spaces that allow operators to offer food to clients through delivery apps such as DoorDasha and Grubhub. Therefore, PIXY is worth watching.
Technical Data
PIXY stock is above the 20-Day and 50-Day Moving averages of $1.01 and $0.96 respectively. However, the stock is trading below the 200-Day moving average of $1.68.
