There were a number of stocks that had managed to make a big upward move on Thursday and one of those was the Priority One Jets Inc (OTCMKTS:PJET) stock, which ended up with gains of as much as 15% amidst heavy interest. Considering the magnitude of the gains recorded by the stock, it could well be a good time for investors to take a closer look at Priority One Jets this morning.
Trading Data
On Thursday, PJET stock surged 15.38% to $0.0015 with 10.61 million shares, compared to its average volume of 4.24 million shares. The stock moved within a range of $0.0013 – 0.0016 after opening trade at $0.0013.
About The Company
Priority One Jets is a full spectrum aviation company and offers a wide range of services starting from aircraft charter on demand, jet membership cards, and also aircraft sales for government, leisure, and business travel. The company is based out of New York, New York, and on top of that operates offices in Asia, Europe, and the rest of the Americas. Now that you have a fair idea about the nature of Priority One Jets as a company, it is now time to take a look at the specific development that led to the rally in the stock yesterday.
PJET Times SHBO APP Launch To Capture Uniquely Ideal Market Conditions
Yesterday, the company announced that it was planning to launch its Student Housing by Housing Application or the SHBO App soon. While the company continues to work in the aviation sector, Priority One Jets is also a technology company that also works on the development of tech-powered applications that are meant for making student life easier. The SHBO App is designed in such a way so that the local populace in a university town are able to connect with students who may be seeking suitable accommodations. It will allow property owners to advertise their properties and connect easily with students.
However, it should be noted that Priority One Jets has much more ambitious plans in place for the company. Yesterday, it was also noted that it seeks to expand the scope of the SHBO App and start offering services that would have an impact on other parts of student life.
Once that happens, the company seeks to create a situation in which students could have use of the app for a much longer period of time. It is an ambitious plan and one that could propel the SHBO App into one of the more important apps for university students in the long run. Steven Rash, who is the Chief Executive Officer of the company, noted that the app was ready for launch, however, the company was currently looking for the right window in which it could launch it. The company was looking for a window in which the app could be better received. He went on to add that the launch window was now imminent.
The news of the potential launch soon may have led to a wave of optimism among investors and eventually resulted in the rally that was seen yesterday. At this point in time, it may be a good idea for investors to consider adding the Priority One Jets stock to their watch lists and watch for further developments.
Technical Data
PJET stock is trading below the 20-Day and 50-Day Moving averages of $0.0014 and $0.0014 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0044. The company has a total market capitalization of $1.13 million. The stock is down 35% over the past 3-month.
