Mergers and acquisitions company ILUS International Inc (OTCMKTS:ILUS) had a very tough time in the markets on Monday and its stock sank by as much as 21% amidst a heavy selloff. In this situation, it could be a good idea for investors to perhaps take a look at the announcement made by the company on Monday.
Trading Data
On Monday, ILUS stock slumped 21% to $0.1410 with more than 22.57 million shares, compared to its average volume of 16.70 million shares. The stock moved within a range of $0.1325 – 0.1799 after opening trade at $0.1779.
OTC: ILUS, ILUS International Confirms That It Will Exhibit Its Technologies at the World’s Largest Fire and Rescue Convention, FDIC International in Indianapolis, From the 25th to 30th of April 2022
ILUS International announced yesterday that as part of its growth initiatives, it would display a wide range of its range of fire and rescue technology at the FDIC International event. It should be noted that the company will also showcase its state of the art wild land firefighting technology at the exhibition as well.
The event in question is the 2022 FDIC International Convention and it is going to be hosted from April 25 to April 30 and it is one of the biggest events in the firefighting industry. As many as 40
000 rescue and fire professionals from around the globe are going to be present at the event. It is clear to see that presence of ILUS International at the event is a significant development, however, the investors did not look at it that way. It is going to be interesting to see if the stock rebounds or not.
Technical Data
ILUS stock is above the 20-Day and 50-Day Moving averages of $0.17 and $0.23 respectively. The stock is trading in the neutral zone with the RSI at 40.
