Over the course of the past week the Creatd Inc (NASDAQ:CRTD) stock has been in the middle of a significant upward move and has managed to deliver gains of as much as 30% during the period. The company was in considerable focus last week after fresh news emerged with regards to a deal associated with Dune Glow Remedy, its wellness beverage subsidiary unit.
Trading Data
On Thursday, CRTD stock went up 5% to $1.33 with more than 8.45 million shares, compared to its average volume of 1.98 million shares. The stock moved within a range of $1.1500 – 1.3800 after opening trade at $1.15.
Dune, the Creatd-Owned Wellness Drink, Launches at Urban Outfitters
The company announced at the time that the Dune brand of beverages had been made available at all locations operated by Urban Outfitters. The beverages have been added to the Spring/Summer offerings at the Urban Outfitters joints.
In this regard, it is perhaps also necessary to point out that Urban Outfitters had also noted that it believed that Dune was the perfect beverage partner for the season. The addition of the beverage to such a considerably popular retail chain could only be a good thing for Dune and hence, there was a certain degree of excitement with regards to the stock among investors.
At this point in time, it may be a good idea for investors to consider taking a closer look at the stock and watch out for the price action.
Key Quote
Commented Thomas Punch, Dune founder and CEO of Creatd Ventures, “Less than a year after its debut, Dune has joined the competitive roster of beauty and wellness brands sold at Urban Outfitters. We are proud to see Dune, and Creatd Ventures’ other e-commerce brands, continue to build traction and open up opportunities to further expand our reach through partnerships with such iconic and inspirational lifestyle brands as UO.”
Technical Data
CRTD stock is above the 20-Day and 50-Day Moving averages of $1.15 and $1.32 respectively. However, the stock is trading below the 200-Day moving average of $2.47.
