On Thursday, the all in one ride hailing software solution development company WarpSpeed Taxi Inc (OTCMKTS:WRPT) saw its stock suffer from a selloff and went down by as much as 3% for the day.
Trading Data
On Thursday, WRPT stock fell 3.20% to $1.52 with 14.4K shares, compared to its average volume of 6.6K shares. The stock moved within a range of 1.4200 – 1.6300 after opening trade at $1.63.
WarpSpeed Taxi Inc. (WRPT) SMART SHARING
However, at the same time, it ought to be noted that the company was in the news yesterday after it presented a new service named WARPSPEED TAXI SMART SHARING. The presentation of a new service is almost always a major development for any company but it did not lead to any joy for the WarpSpeed stock. However, it may be a good idea to perhaps take a look into it.
In this context, it ought to be noted that due to the massive rise in the price of oil in recent times, more and more drivers are quitting the popular taxi hailing services like Lyft and Uber.
Hence, customers have been left with grappling with long waiting times and poor service. The latest product from WarpSpeed offers an alternative in that regard. The new service is going to help people who maybe travelling in the same direction or the same destination to share a cab. Hence, it is not only designed to save money but also cut down on waiting times.
Key Quote
“We’ve been watching the global market and how it’s reacting to the current surge in gas prices,” said Sara Leska, Marketing Project Manager for the Company, “Our Company has always been focused on getting customers to their destinations as efficiently as possible, and this seemed like the most logical step for us to take to accommodate new customers looking for an alternative.”
