American International Holdings Corp (OTCMKTS:AIMH) Stock Rockets After Appointing a New CFO

Diversified holding company American International Holdings Corp (OTCMKTS:AIMH) saw its stock trade within a range on Wednesday but at the same time, it is necessary to remember that the company was in the news. It may be a good idea for investors to consider taking a closer look at the announcement that was made by the company in order to make their minds up about the stock.

Trading Data

On Wednesday, AMIH stock gained 2.30% to $0.0690 with more than 164k shares, compared to its average volume of 368K shares. The stock moved within a range of $0.0630 – 0.0737 after opening trade at $0.0630.

American International Holdings Corp. Appoints Chief Financial Officer

Yesterday, the board of directors at American International Holdings announced that it had appointed a new Chief Financial Officer in the form Dr Craig Hewitt. It was a major announcement from the company considering the sort of influence the role commands.

While the appointment was announced yesterday, it ought to be noted by investors that Hewitt’s appointment will go into effect the after the American International Holdings filed its annual report for the fiscal year that ended on December 31, 2021.

At this point in time, it is going to be interesting to see if the news of the appointment leads to any further interest in the stock over the course of the coming days. It may be a good move to add the American International Holdings stock to your watch lists.

Key Quote

Jacob Cohen, President and CEO of AMIH, commented, “I am thrilled to have someone with Craig’s character, leadership, and experience joining our executive team. Over the last several months, we have made key additions to our leadership team, and the appointment of Craig to the CFO position reflects our commitment to recruit highly talented and experienced individuals who have a strong track record of success. Craig’s extensive experience as a chief financial officer of healthcare related companies and his extensive background in strategic planning, corporate finance, compliance and regulatory matters, combined with his public company experience, make him an ideal choice to lead AMIH’s financial compliance initiatives.”

Technical Data

AMIH stock is trading above the 20-Day and 50-Day Moving averages of $0.0673 and $0.0652 respectively. However, the stock is trading below the 200-Day moving average of $0.0839.