One of the stocks that managed to make a reasonable upward move on Monday was that of Global Tech Industries Group Inc (OTCMKTS:GTII), which ended the day with gains of as much as 6%.
Trading Data
On Monday, GTII stock moved up 5.67% to $1.77 with more than 182K shares, compared to its average volume of 133K shares. The stock moved within a range of $1.6350 – 1.7800 after opening trade at $1.69.
Global Tech Industries Group, Inc. Announces Update Regarding its Proposed Crypto Special Dividend
The company, which is registered as a Nevada corporation, was in the news on Monday after it provided an update with regards to the crypto special dividend that had been proposed earlier. In that context, Global Tech Industries announced that it had made the appropriate filings with FINRA with regards to this dividend disbursal. The announcement came as a source of considerable positivity for many investors and the stock managed to end the day with gains.
On the other hand, Global Tech also noted that it was going to provide the updates with regards to the specific details of the dividend as well as the day on which it is going to be paid out. It was noted that the company anticipates that the record date for the dividend is going to be set for some point in May. It now remains to be seen if the Global Tech stock can continue to add to its gains over the course of the coming days or not.
Technical Data
GTII stock is trading above the 20-Day and 50-Day Moving averages of $1.65 and $1.51 respectively. Moreover, the stock is trading above the 200-Day moving average of $1.41.
