Despite the overall weakness in the market last week, the RAADR Inc (OTCMKTS:RDAR) stock was one of the major gainers and ended up with gains of as much as 25% for the period.
Trading Data
On Friday, RDAR stock ended flat at $0.0005 with more than 302.01 million shares, compared to its average volume of 7.2K shares. The stock moved within a range of $0.0004 – 0.0006 after opening trade at $0.0005.
Major News
The company is involved in monitoring cyber bullying and social media websites through its artificial intelligence powered software. Back on Friday, the company was in the news after it announced that it had established an athletic advisory panel which is going to help the RAADR management in utilising active as well as retired professionals from the world of athletics in marketing the corporate mission of RAADR.
The corporate mission in question is involved with combatting bullying by way of the Parental Monitoring App 2.0 that has been developed by RAADR. Former basketball star and current social media phenomenon Larry Williams has been made the inaugural member of the panel.
At this point, Williams commands as many as 1.4 million followers on social media and this could be considered a significant coup for RAADR. At this point of time, it is going to be interesting to see if the RAADR stock can actually hold on to its momentum and continue to add to its gains.
Key Quote
Jacob Dimartino, Chairman and Chief Executive Officer of RAADR, Inc., said,”I am extremely proud to appoint Larry Williams as the inaugural member of our athletic advisory panel. Larry ‘Bone Collector” Williams is well known among current NBA players and NBA retired legends and he will be invaluable in assisting RAADR in forming a relationship with one of the most powerful sports leagues in the world. The NBA is the perfect channel to promote our anti-bullying campaign to parents and children.
Technical Data
RDAR stock is trading above the 20-Day and 50-Day Moving averages of $0.0005 and $0.0004 respectively. However, the stock is trading below the 200-Day moving average of $0.0007.
