Stocks may often trade in a range but that does not always mean that those stocks are supposed to be ignored. For instance, the Broad Street Realty Inc (OTCMKTS:BRST) stock was trading in a range on Thursday but at the same time there was some vital news about the company which might have an effect on the stock.
Trading Data
On Wednesday, BRST stock ended flat at $2.50 with more than 1K shares, compared to its average volume of 2K shares. The stock moved within a range of $2.5000 – 2.5000 after opening trade at $2.50.
Update from Michael Z. Jacoby, Chairman of the Board and Chief Executive Officer – Form 8-K
Yesterday, the Chief Executive Officer and Chairman of the Board of the company, Michael Z Jacoby provided an update with regards to the work done by Broad Street Realty so far in 2022.
He announced that at the half way stage of the first fiscal quarter of 2022, the company has attained a strong position and thanked his colleagues for the situation. However, he was quick to add that due to the chaos wreaked by the coronavirus pandemic, the operations have still not gone back to what could be called normal.
As a result, he believed that the company’s pace of hitting its goals over the medium term are going to be affected as well. The announcement did not have much of an effect on the company’s stock price yesterday but it is going to be interesting to see if its moves today.
