Winning Brands Corp (OTCMKTS:WNBD) is expected to be one of the stocks to be on focus today among investors owing to the fact that it had managed to clock gains of as much as 17% on Thursday. In this situation, it may be a good move if you first take a look at the company’s business and its specific focus.
Trading Data
On Thursday, WNBD stock surged 17% to $0.0007 with more than 5.63 million shares, compared to its average volume of 31.42 million shares. The stock moved within a range of $0.0006 – 0.0007 after opening trade at $0.0007.
About Winning Brands Corp
The company is primarily known for manufacturing a range of products that are deemed environmentally responsible.
The company had earlier announced its VISION 21 strategy which laid out that it was looking to boost shareholder value considerably by creating more business divisions that could have a much greater scope. In this regard, it needs to be mentioned that Winning Brands had launched a tech division.
The tech division is going to be the headquarters for the GestureTek brand planning and in addition to that, people with an interest in the growth of GestureTek are going to be involved in cooperating on the project. The company saw its stock soar yesterday after fresh news emerged with regards to its GestureTek acquisition.
GestureTek Division of Winning Brands Releasing Upgrades to its Popular IREX(TM) Rehab System
It emerged that Winning Brands had continued to work quickly for the development of the GestureTek brand after it had got court approval for the acquisition of the same. GestureTek is one of the major leaders in the gesture control industry and it remains one of the more important acquisitions made by Winning Brands in recent times.
Yesterday, the management at GestureTek announced that it was going to affect a range of upgrades to the immersive physical therapy systems which had already proven to be a significant success in hospitals in North America. It should be noted that the system is a patented one as well and is known as the IREX System. The system has been proven to be effective in a range of clinical studies and the announcement of a range of upgrades is important for a number of reasons.
At this point in time, it may be a good idea for investors to add the stock to their watch lists and watch for further moves.
Key Quote
Winning Brands CEO, Eric Lehner, comments, “Our GestureTek team continues to be driven by a culture of advancement. They interact with clients continuously to seek understanding about improvements that can be made. GestureTek’s leadership in the immersive control sector has been earned over many years through this commitment. We have a new slate of innovations in mind for years worth of growth.”
Technical Data
WNBD stock is trading below the 20-Day and 50-Day Moving averages of $0.0007 and $0.0007 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0009.
