Clinical nutrition company Guardion Health Sciences Inc (NASDAQ:GHSI) has seen its stock take a bit of a drubbing over the past week as it tanked by as much as 8% during the period.
Trading Data
On Monday, GHSI stock fell 4.60% to $0.2080 with more than 3.61 million shares, compared to its average volume of 7.59 million shares. The stock moved within a range of $0.2055 – 0.2200 after opening trading at $0.2169.
Guardion Health Sciences Announces New Viactiv® Omega Boost Gel Bites Now Available for Purchase Via Viactiv® Shopify Store
As it happens, the company was actually in the news yesterday after it made an announcement with regards to the availability of Viactiv Omega Boost gel bites on its Spotify store. It was a major new announcement considering the fact that the gel bites was the first expansion of its Viactiv brand. It was also announced that each gel bite, which weighs 1200 mg, is meant for providing total support to the body.
In addition to that, gel bite is also meant for helping with the brain, joints, cardiovascular issues and the eyes. In addition to that, the product could also be purchased directly through the viactiv.com website. Although it is true that the Guardion Health stock has performed poorly in the past week, it may well be a good time to start following the stock again. After all, if the new product manages to perform well then it could lead to a boost to Guardion Health as well. It remains to be seen now if the stock can make a recovery any time soon.
Key Quote
“Now that our pre-orders have been fulfilled, we are ready and excited to accept direct orders for Viactiv® Omega Boost via our previously announced Shopify website,” commented Bret Scholtes, Guardion’s Chief Executive Officer. “This product launch is an important step in creating replicable processes that enable us to execute new product development, establish manufacturing, and accomplish marketing and distribution in a focused and efficient way. We continue to be excited to offer these important, supportive nutrients from our Viactiv® brand, the brand our customers have trusted for years and look forward to continuing to meet the nutritional supplement needs of our customers.”
Technical Data
GHSI stock is trading below 50-Day and 200-Day Moving averages of $0.31 and $0.93 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.24.
