At this point in time, Transportation and Logistics Systems Inc (OTCMKTS: TLSS) is one of the faster growing logistics service providers and yesterday, the company’s stock was in considerable focus. As investors piled on to the stock in a big way yesterday, it clocked gains of as much as 12% for the day.
Trading Data
On Thursday, TLSS stock surged 11.60% to $0.0139 with more than 32.48 million shares, compared to its average volume of 13.10 million shares. The stock has moved within a range of $0.0133 – 0.0150 after opening trade at $0.0145.
Issues 2022 Chairman’s Letter
On Thursday, the company came into sharp focus after its new Chief Executive Officer and Chairman, Sebastian Giordano, issued a letter to the shareholders. In this context, it may be a good idea for investors to take a look at some of the highlights from the letter issued by the new CEO.
He started off the letter by stating that since he had just assumed the role, it was important for him to communicate with the shareholders directly. He noted that although he was new to the CEO role, he was accustomed to the operations of Transportation and Logistics Systems.
He had worked closely with the company’s board behind the scenes since as far back as the middle of February in 2020. While the letter led to a wave of optimism about the stock, it now remains to be seen if the Transportation and Logistics Systems stock can manage to add to its gains today.
Technical Data
TLSS stock is trading below the 20-Day and 50-Day Moving averages of $0.0213 and $0.0260 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0289.
