There were a number of stocks which clocked significant gains on Wednesday and one of the more notable gainers was perhaps the Dalrada Corporation (OTCMKTS:DFCO) stock, which soared by as much as 36% amidst frenetic trading.
Trading Data
On Wednesday, DFCO stock surged 36% to $0.6390 with more than 100K shares, compared to its average volume of 122K shares. The stock moved within a range of $0.4300 – 0.6390 after opening trade at $0.43.
Dalrada Clean Energy Board Adds Technology Advisor William Davidson
Yesterday, the company came into sharp focus among investors after it announced that that it made William Davidson the latest member of its Clean Energy Board. Davidson is going to be primarily involved in the business strategy and technology aspects of the business while being the member of the board. It was an announcement that seemingly led to considerable excitement among investors in light of the sort of gains that were clocked by the stock on Wednesday.
However, at the same time, it ought to be noted that it now remains to be seen if the stock can actually manage to hold on to the momentum and add to its gains today or not.
Davidson is a highly experienced executive and has been in executive positions over a period spanning in excess of 35 years. In addition to that, he has an excellent track record as an advisor and has provided guidance to companies spread across many industries.
Key Quote
Mr. Davidson states, “The diversity of Dalrada’s portfolio of businesses and the markets to which they are targeted attracted my participation in an advisory capacity. With the knowledge gained from 35 years in telecommunications, semiconductors, and software throughout my career and the relationships built during that time, I hope to lend insight that is valuable to the organization’s expansion efforts.”
Technical Data
DFCO stock is trading above the 20-Day and 200-Day Moving averages of $0.58 and $0.47 respectively. However, the stock is trading below the 50-Day moving average of $0.75.
