It could well be the right time for many investors to consider looking into the LifeWorks (TSE:LWRK) (OTCMKTS:MSIXF) stock, considering the fact that it has managed to move at a steady pace over the course of the past month. During that period, the stock rallied by as much as 4% and hence, it now remains to be seen if the stock can continue to add to those gains in the coming weeks.
Trading Data
In the morning session, MSIXF stock is trading flat at $20.94 with more than 600 shares, compared to its average volume of 216 shares. The stock has moved within a range of $20.94 – 20.94 after opening trade at $20.94.
LifeWorks expands mental health and wellbeing programs to millions more worldwide
The company is involved in providing digital and in-person solutions by way of which one can bring about total wellbeing in individuals. In this context, it may be a good move to take a look into the announcement made by the company back on January 17.
The company announced that it had successfully expanded access to the Total Wellbeing Index, CareNow and some other features on its app. It should be noted that by way of this expansion, these features are now going to be made available in as many as 25 nations in 20 different languages.
In addition, it is perhaps interesting to note that this expansion is the biggest service expansion that LifeWorks has ever had. One of the biggest reasons for this expansion was that there was a massive rise in global demand for the wellbeing services that are offered by the company at this point.
Key Quote
Quote from president, integrated health solutions and executive vice president, Neil King
“The need for accessible and effective digital wellbeing resources has never been more critical. People across the globe need more self-guided care solutions that work within their schedules, lifestyle needs and ways of learning, as well as in their primary language. This expansion makes our trusted, comprehensive services available to more organizations around the world, maximizing our ability to make a positive impact on more peoples’ lives with culturally relevant and engaging digital wellbeing tools.”
Technical Data
MSIXF stock is trading above the 50-Day and 200-Day Moving averages of $19.96 and $20.90 respectively. However, the stock is trading below the 200-Day moving average of $24.60.
