There were a number of stocks which had managed to deliver notable gains on Tuesday and one of those was the Creative Realities Inc (NASDAQ:CREX) stock, which ended the day with gains of as much as 11%. The company, which is the digital signage business, announced yesterday that its collaborative sales efforts with Reflect Systems Inc had led to a significant development.
Trading Data
On Tuesday, CREX stock soared 8.70% to close at $1.50 with more than 53.05 million shares traded, compared to its average volume of 2.54 million shares. The stock has moved within a range of $1.4800 – 1.9100 after opening trading at $1.69.
Creative Realities, Inc. and Reflect Win Multi-Million Dollar Retail Project on First Bid Together
Creative Realities noted that, along with Reflect Systems, had managed to bag a project for a major retail customer. The retail customer in question boasts of a large number of locations across the United States and the total value of the contract is $10 million.
It goes without saying that the development is a significant one for the company and one that could propel it to new heights in the history. It was back in November last year that Creative Realities and Reflect Systems had announced that they were going to merge. The new contract is a reflection of the fact that the merger could in fact be a success in the long run.
At this point in time, it may be a good time for investors to consider adding the Creative Realities stock to their watch lists.
Technical Data
CREX stock is trading above the 20-Day and 500-Day Moving averages of $1.40 and $1.50 respectively. However, the stock is trading below the 200-Day moving average of $1.60.
