The Ealixir Inc (OTCMKTS:EAXR) stock may have been trading within a range on Friday but at the same time it is important for investors to note that the company did make a major announcement on that day and it could be a good idea to take a look into it.
Trading Data
On Friday, EAXR stock moved down 2.33% to $8.40 with more than 3.6K shares, compared to its average volume of 588 shares. The stock moved within a range of $7.00 – 8.55 after opening trading at $8.
Ealixir Inc Appoints New CEO and Board Members
The company announced on Friday that it had appointed a new Chief Executive Officer and Chairman of the Board in the form of Neel Sawant. However, that is not all. The company has made some other appointments as well and those were announced on Friday as well.
After the departure of two members of the board back on April 15 this year, Ealixir announced the appointment of VenkateshPatrachari and Aditya Ganguli as Members Directors. Both of them had been made members of the board back on April 15. The Chief Strategy Officer at Ealixir, Francesco Mazza is going to continue in his position as an independent director.
The appointment of the CEO was an important decision and investors need to note that Sawant is a highly experienced executive with experience spanning 30 years in international corporations. It remains to be seen if the stock moves this week.
Technical Data
EAXR stock is trading above the 20-Day and 50-Day Moving averages of $7.17 and $6.60 respectively. Moreover, the stock is trading above the 200-Day moving average of $5.20.
