Priority Aviation Inc. (OTCMKTS:PJET) dropped 11% after publishing a shareholder update from its CEO Steven Rash. As a tech company, PJET creates applications to improve the lives of university students. The primary application links students with the surrounding university communities by allowing property owners to market rental properties available for letting to university students.
Trading Data
On Wednesday, PJET stock slid 12% to $0.0030 with more than 19.33 million shares traded, compared to volume of 9.25 million shares. The stock moved within a range of $0.0028 – 0.0035 after opening trading at $0.0035.
PJET Student Housing App Launch Coincides With Blackstone $12.8 Billion Student Housing Investment
The entry of PJET into the university students’ housing market could have been precisely timed. Inflation and interest rate rises may prompt students and homeowners to seek out the solutions provided by PJET’s Student Housing by Owner APP (SHBO). SHBO was created to bring together homeowners and students in the surrounding university community.
Renting out an additional bedroom or an investment opportunity to college students can help property owners make money. Students can locate housing that is both more economical and more desirable than what is typically offered on the university student housing market. Therefore, investors should keep an eye on PJET in the coming weeks.
Technical Data
PJET stock is trading above the 20-Day and 200-Day Moving averages of $0.0034 and $0.0074 respectively. However, the stock is trading below the 50-Day moving average of $0.0028.
