Anyone who is scouring the digital advertising sector for options might have noticed that the AiAdvertising Inc (OTCMKTS:AIAD) stock has emerged as one of the major gainers in recent days. The rally in the stock continued yesterday as investors piled on to it and sent it soaring by another 15%. That took the gains made over the course of the past week to as much as 20%.
Trading Data
On Tuesday, AIAD stock gained 14.72% to $0.0265 with more than 29.60 million shares, compared to its average volume of 10.39 million shares. The stock has moved within a range of $0.0220 – 0.0315 after opening trade at $0.0239.
AiAdvertising Adds Top Executive Talent
AiAdvertising is involved in providing digital advertising solutions to its clients through the use of technology but it should be noted that there has been no news about the company at all over the course of the past week.
As a matter of fact, the last time any news emerged about the company was back on December 7, 2021 when the company made an announcement about a new appointment. At the time AiAdvertising announced that it had appointed a new Senior Vice President of Client Strategy & Execution in the form of Chris Lynde.
It goes without saying that it was a significant appointment but at the same time it is unlikely that the appointment had anything to do with the latest rally in the AiAdvertising stock.
Key Quote
“Chris Lynde will focus on leveraging our revolutionary AI Ad Platform,” said Andrew Van Noy, the Company’s CEO. He will be responsible for developing and overseeing the execution of a comprehensive strategy that unifies every touchpoint of the customer experience – from data integration and analytics to campaign execution and performance optimization for our clients.”
Technical Data
AIAD stock is trading above the 20-Day and 50-Day Moving averages of $0.0190 and $0.0161 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0182.
