Although the market has been in the middle of a churn in recent days, there are some stocks that have managed to buck the trend somewhat and delivered strong gains nonetheless. One such stock is the Nitches Inc (OTCMKTS:NICH) stock, which attracted the attention of investors in a big way and managed to deliver gains of as much as 27% during the period. In light of such gains, it may just be the right time for investors to start taking a greater interest in the stock.
Trading Data
On Monday, NICH stock fell 4.26% to $0.0444 with more than 322K shares, compared to its average volume of 1.05 million shares. The stock moved within a range of $0.0335 – 0.0465 after opening trading at $0.0400.
About The Company
Firstly, it should be noted that Nitches Inc is a diversified technology company and on top of that, it is involved in the clothing business too. The company harnesses the power of modern technology and high-end fashion for the purposes of producing luxury clothing and non-fungible tokens or NFTs.
It is particularly focused on the production of athletic leisure and streetwear, which are limited edition. In addition to that, the company is also focused on the production of accessories that are not only sustainable but also authentic and exclusive in nature.
One of the ways in which Nitches markets its products is through fashion influencers as well as celebrities who help in the creation of capsule collections. However, at the same time, it should be noted that Nitches has also developed high-end technology so that it can take care of its intellectual property and at the same time, aggressively work against counterfeiting of its products in any way, shape, or form.
Nitches’ “Peace on Marz” NFT Campaign Focuses on Inclusivity by Featuring Four Marz Variant Characters
Yesterday, the company was in the news once again after it revealed crucial details with regards to its ‘Peace on the Marz’ NFT campaign. On the other hand, Nitches also revealed a specific story that is focused on the four characters from the Marz Variant. However, that is not all. There is also talk of going into a collaboration with the famed visual artist Anthony Piper and creating a comic book series with the same characters. The announcement was a significant one for the company and it is going to be interesting to see if it can lead to a further rally in the stock or not.
Key Quote
“The collaboration between Anthony and John Lewis has led to some magical storytelling that everyone will love, featuring four very different Marz variants to appeal to a broad and diverse audience,” said John Morgan, Nitches CEO. “From looking at the artwork and reading the storylines, I can see that painstaking time was spent to create characters that are truly compelling with strong, positive messages. It’s so different from any other current NFT projects that we are already looking at other avenues beyond the metaverse.”
Technical Data
NICH stock is trading below the 20-Day and 50-Day Moving averages of $0.0439 and $0.0583 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1293.
