One of the stocks to have made a major mark in the market on Monday was that of NuGene International Inc (OTCMKTS:NUGN) as it ended the day with gains of as much as 33% following a major announcement.
Trading Data
On Monday, NUGN stock soared 33.33% to $0.12 with more than 10.73 million shares, compared to its average volume of 2.71 million shares. The stock moved within a range of $0.0920 – 0.1370 after opening trading at $0.10.
Key Details
The company came into focus in a big way among investors yesterday after it announced the launch of the television and film producing subsidiary company BOXO Productions. The announcement proved to be a source of major optimism for investors and it is perhaps easy to see why. The leadership personnel at BOXO Productions are all highly accomplished individuals and that is possibly a major reason behind the excitement.
One of the members of the leadership team is Petr Jaki, who is an actor and product and seasoned producer Martin J. Barab. AraKeshishian, a former CAA agent is also a member of the same team. These individuals have the experience of having worked with some of the biggest names in Hollywood over the course of the past decades and hence, they will bring a wealth of expertise into BOXO Productions as it tries to get off the ground. It may be a good time to add the NuGene stock to your watch list.
Key Quote
“An independent film producer with truly global ambitions, BOXO aims to capitalize on this trend, delivering the next generation of world-class content to home and theatre audiences all over the world,” says David Štýbr, CEO of BOXO Productions. BOXO plans to release 10-12 television series on Netflix and Prime Video in 2022. “Our passionate team, talented leadership, and extensive connections in the industry present us with a unique opportunity to position BOXO as a major player in the Hollywood and the home entertainment industry.” Štýbr added. With all the right elements in place, it looks like 2022 will indeed be an exciting year for NUGN investors and movie fans alike.
Technical Data
NUGN stock is trading above the 50-Day and 200-Day Moving averages of $0.04 and $0.02 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.06.
