ClickStream Corp (OTCMKTS:CLIS) Stock Continues to See Selling Pressure

It was a fairly torrid start to the trading week for investors in the ClickStream Corp (OTCMKTS:CLIS) as the company’s stock suffered from a sharp selloff and went down by as much as 5%. The company, which is involved in the development of platforms and apps meant for disrupting traditional industries, made a key announcement with regards to its language learning mobile app named HeyPal.

Trading Data

On Monday, CLIS stock moved down 5% to $0.0380 with 331k shares, compared to its average volume of 780K shares. The stock moved within a range of $0.0350 – 0.0448 after opening trade at $0.0400.

ClickStream Subsidiary Heypal(TM) Launches Premium Memberships and Other New App Features on iOS Version 2.7

The app had actually been developed Nebula Software Corp, which is a subsidiary company of ClickStream. Yesterday, the company announced that it had launched the Premium Memberships of the Hey Pal app for the iOS version.

By way of this Premium Membership, paid users are going to get the opportunity to use some of the most sought after features of the Hel Pal app. The announcement was a significant one from ClickStream considering the fact that the launch of a paid version of the app could eventually lead to revenues for the company. At this point in time, it may be a good time for investors to consider adding the ClickStream stock to their watch lists and watch out for further developments in the coming days.

Key Quote

“After working tirelessly to fine-tune and perfect our Premium Membership, PenPal and Suggestive Messaging offerings, we are pleased to introduce these innovative new features that make our language learning experience even more robust, and further strengthen social connections for iOS users all over the world,” stated Jonathan Maxim, CEO of HeyPal.

Technical Data

CLIS stock is trading above the 20-Day and 50-Day Moving averages of $0.0295 and $0.0321 respectively. However, the stock is trading below the 200-Day moving average of $0.0861.