If you are currently on the hunt for stocks which may have made big moves in the past few days, then it could be a good time to look into the ARHT Media Inc (OTCMKTS:ARHTF) stock. The company, which is involved in producing and distributing low latency holograms of higher quality, saw its stock move up by 10% on Friday.
Trading Data
On Friday, ARHTF stock moved up 10.96% to $0.2065 with more than 541k shares, compared to its average volume of 89k shares. The stock moved within a range of $0.1940 – 0.2099 after opening trade at $0.1940.
ARHT Media Expands Partnership with WeWork; Will Include 14 New Locations Globally
That took the gains made in the past week to as much as 33%. In light of such gains, it is also important to note that ARHT Media announced on Friday that it had expanded of its strategic partnership with the workspace providing behemoth WeWork.
As per the provisions of the new understanding between the two entities, the technology developed by ARHT Media is going to be deployed at the global events that are hosted by WeWork. It marks a significant development for the company and builds on the initial relationship that had been forged between the two entities.
The technology is going to be made available at as many as 30 WeWork locations all over the world and that is going to be a significant jump from the 16 locations at which the technology is currently available.
Key Quote
“I am invigorated by the progress and renewed commitment of WeWork to our existing partnership that will see our leading holographic technology implemented throughout the US, Europe, Asia, Australia and Canada,” said Larry O’Reilly, Chief Executive Officer of ARHT Media. “The expansion of the WeWork partnership comes at an opportune time for ARHT Media. In addition to our world-class management and leading technology, with the recent infusion of growth capital, ARHT Media now has the ingredients necessary to support the successful global rollout with WeWork.”
Technical Data
ARHTF stock is above 20-Day and 50-Day Moving averages of $0.16 and $0.16 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.17.
