There were a number of stocks that had managed to emerge as significant gainers on Thursday and one of those was Suggestion Box (OTCMKTS:SGTB). The stock came into significant focus yesterday and ended the day with gains of as much as 31% as investors piled on to it in a big way.
Trading Data
On Thursday, SGTB stock soared 31.44% to $0.0393 with more than 980k shares, compared to its average volume of 135K shares. The stock moved within a range of $0.0275 – 0.0393 after opening trade at $0.0309.
Suggestion Box, Inc. (OTC:SGTB) Submits for Corporation Name Provides Shareholder Updates
In this context, it may be a good idea to keep in mind that Suggestion Box announced yesterday that it had made a filing yesterday in the State of Texas for changing the corporate name of the company. The announcement seemed to have come as a source of significant optimism among investors.
The Chief Executive Officer of the company Tony D’Antonio spoke about the matter as well. He stated that everyone at the company was excited at the prospect of going ahead with change of the corporate name to Feel Better Labs Inc.
He went on to state that the name change is a reflection of the direction of the company going forward. The company is going to be merged with ZapVir Inc soon and the new name is going to be a reflection of the product lines that it is going to be involved in.
Key Quote
Tony D’Antonio, Chief Executive Officer, states “We are excited to move forward with the new corporate name of Feel Better Labs, Inc. which directly reflects the direction and operations of the incoming merging company and its product line. In the coming weeks, the company plans to finalize the merger with ZapVir, Inc. and intends that the name of Feel Better Labs, Inc. becoming the name of the public corporation.” Mr. David Olund, Chairman, says, “Given that the company is focused to sales and distribution of over-the-counter, germ killing consumer health product lines, we are rebranding the our company and products to be in alignment with becoming a nationally and internationally recognized brand.”
Technical Data
SGTB stock is trading above the 20-Day and 50-Day Moving averages of $0.0322 and $0.0306 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0340.
