Online meal delivery platform operator Home Bistro Inc (OTCMKTS:HBIS) saw its stock make a big move on Thursday as it ended the day with gains of as much as 18% amidst heavy interest.
Trading Data
On Thursday, HBIS stock soared 18.13% to $0.6497 with more than 3.1K shares, compared to its average Thursday of 8.8k shares. The stock moved within a range of $0.5301 – 0.6500 after opening trade at $0.55.
Home Bistro Launches Meals Inspired by TV Host and Best- Selling
The company is best known for delivering gourmet, chef inspired and readymade meals to its customers. Yesterday, the company came into focus in a big way after it announced that it had started delivering meals which had been inspired by the works of Ayesha Curry. It was a major announcement from the company since Curry is a famed cookbook authors and has been on the New York Times bestselling list twice.
In addition to that Curry has also been a producer and television host, restaurateur and is also credit for having been co-founder of the company Eat Learn Play Foundation. Hence, the addition of meals inspired from Ayesha Curry could in fact prove to be a major long term positive for the company.
It seems that the investors have also been quite excited about the development and it now remains to be seen if the Home Bistro stock could manage to hold on to its momentum over the course of the coming days.
Key Quote
Zalmi Duchman, Home Bistro CEO stated, “We are excited to finally announce the launch of our much- anticipated meal offering with Ayesha. Her unique signature style recipes with focus on flavor, efficiency and health, have been a hit with millions of her fans and no doubt will be as popular in the form of fully-prepared meals on the Home Bistro platform.”
Technical Data
HBIS stock is trading below the 20-Day and 50-Day Moving averages of $0.78 and $0.90 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.04.
