Kaival Brands Innovations Group Inc (NASDAQ:KAVL) Stock Falls On Profit Booking

In the past week, the Kaival Brands Innovations Group Inc (NASDAQ:KAVL) stock has been in the middle of a strong churn and has recorded significant declines. Yesterday, the trend remained the same in the stock as it ended the day with a decline of 11%.

However, the decline in the stock on Wednesday actually stretched the losses for the past week to as much as 20%. Considering the magnitude of the decline it might be a good time to take a look at some recent developments and figure out if the stock is going to have a rebound any time soon.

Recent Developments

As it happens, the stock was actually in the news last week after the company announced that it had been notified by the NASDAQ Capital Market LLC with regards to the fact that its stock had managed to regain the minimum bid price requirements of the exchange.

The letter was dated February 17, 2022. It goes without saying that the regaining of compliance was a major new development for the company but it did not do much for the Kaival Brands Innovations Group stock in the past week.

However, that has not been the only development in recent times that investors ought to know about. Last year in December, the company had announced that it had gone into a partnership with Koupon for the purpose of developing an electronic engagement program. The program is also going to include the digital promotion platform that has been created by Koupon. It was a major deal for the company and one that could help Kaival Brands Innovations Group in a big way in the future.

At this point in time, investors could do well to keep an eye on the stock despite the poor performance over the past week. Considering the sort of work that the company has been doing, it might not be totally out of the question for the stock to eventually have a recovery.