Over the course of the past month, the WikiSoft Corp (OTCMKTS:WSFT) stock has been in the middle of a massive rally and that may be a reason why investors ought to take a closer look at the nature of the company as well as the recent developments. It should be noted that this past Friday the WikiSoft stock actually suffered from a selloff and went down by 8%.
However, at the same time, despite the losses, the stock has managed to clock gains of a staggering 1050% in the past month. In this situation, it is perhaps necessary for investors to consider taking a much closer look at the company and figure out if the rally is going to resume this week or not.
On Friday, WSFT stock moved down 7.89%% to $0.35 with more than 484K shares, compared to its average volume of 692K shares. The stock moved within a range of $0.3085 – 0.3750 after opening trade at $0.35.
The company is involved in a business that could be potentially highly lucrative and sought after in the coming years. It provides big data services to enterprises and with the speed at which the demand for big data is growing, WikiSoft could well be a company to keep in mind.
There are two websites that the company operates. One if Wiliprofile.com and the other is Wikifunding. The first one provides vital information with regards to companies, investors, and business individuals. On the other hand, Wilifunding is involved in providing a platform that helps startups in discovering investors. It provides a matching service for startups and investors.
In addition to that, the company provides other services as well and all of those have gone into the making of WikiSoft as a company. The company is based out of San Francisco in California.
Wikisoft Corp. Announces Process of Name and Ticker Change
Last Friday the company was in the news after it announced that it was working on a name change and ticker change as it looks into a total change in the nature of its operations. It ought to be noted that not too long ago, the company had actually been acquired by the ILUS International subsidiary company Emergency Response Technologies.
It was also noted that such a reorganization of its operations and the shift in focus as a business following the acquisition would lead to the unlocking of more value for investors. Other than the change of the name of the company and the ticker, it was also noted that WikiSoft was going to be more visible on social media going forward. In this day and age, a social media presence may be very important for companies looking for sustained success.
Here are a few discussions so twitter:-
WSFT stock is trading above the 20-Day and 50-Day Moving averages of $0.22 and $0.10 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.16.