The news of any kind of positive restructuring at a company can often lead to positivity among investors and that is what happened with the Hemp Inc (OTCMKTS:HEMP) stock yesterday as it ended the day with gains of as much as 9%.
Trading Data
On Tuesday, HEMP stock gained 9.10% to $0.0012 with more than 34.85 million shares, compared to its average volume of 71.74 million shares. The stock moved within a range of $0.0010 – 0.0012 after opening trade at $0.0010.
Strategic Restructuring Gives Way to a New Dawn, New Day for Hemp, Inc.
The company came into focus yesterday after it announced that it was going to go for a multifaceted restructuring of its marketing and sales unit. The aim of the move is to create a stronger and more profitable model of business. In this regard, it is perhaps also important to point out that it is simply necessary for Hemp Inc to build a system that could provide the requisite support to fast growing King of Hemp brand of products.
The demand and sales of the King of Hemp brand has been growing impressively in recent times. The strategy is going to be made up of three main aspects. One of those is the creating of a stronger digital foot print for driving sales.
Another aspect of the campaign is to create a marketing campaign powered by influencers. Last but certainly not the least, Hemp Inc is also looking to create customer relationship management system by way of a hubspot.
Technical Data
HEMP stock is trading below the 20-Day and 50-Day Moving averages of $0.0013 and $0.0014 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0026.
