At the beginning of another trading day, it is imperative for investors to consider taking a look at some of the stocks which may have clocked considerable gains on the previous day. Hence, it may be a good idea to take a look at some of the stocks that clocked meaningful gains yesterday.
One of the stocks that had come into focus among investors yesterday was that of Global Tech Industries Group Inc (OTCMKTS:GTII), which had ended up with gains of as much as 17%. Considering the magnitude of the gains made by the stock, it could be a good idea for investors to take a closer look into it this morning. The best way of going about it is to learn the nature of its business and then check out some of the new developments.
Trading Data
On Monday, GTII stock soared 16.83% to $0.59 with more than 69K shares, compared to its average volume of 116K shares. The stock moved within a range of $0.4972 – 0.6399 after opening trade at $0.54.
About The Company
Global Tech Industries is incorporated in the state of Nevada and is involved in the acquisition of innovative, new technologies. It is a highly interesting company and yesterday the company was in the news as well. Global Tech Industries announced yesterday that last month July 28 its request for paying digital divined to the shareholders had been declined by FINRA.
FINRA noted that the action from Global Tech Industries had been deemed deficient since the Depository Trust & Clearing Corporation was unable to take care of the distribution of digital dividends to the shareholders of CEDE & Co. Those shareholders also account for a considerable percentage of Global Tech Industries shareholders.
Global Tech Industries Group, Inc. provides the latest information regarding digital dividend distribution
Although this particular piece of news may have come as a bit of a setback, the company also announced yesterday that it was still going to reward its shareholders and stick to the commitment with regard to the distribution of the dividends. Global Tech Industries announced that it was in negotiations with a digital securities firm that had the capability of distributing both the digital dividends as well as the fractional shares to the shareholders.
The news may have come as a source of considerable optimism for the company’s shareholders and that was possibly the reason the stock rallied yesterday quite strongly. At the same time, Global Tech Industries requested its shareholders to continue to send in their requests with regards to the dividend payout to the transfer agent of the company. The corporate transfer agent of Global Tech Industries is Liberty Stock Transfer Inc.
Global Tech Industries Group, Inc. provides a new update to shareholders regarding digital dividend
It was a significant new development for the company and it now remains to be seen if the Global Tech Industries stock gets any traction from investors in light of the dividend allocation. As it happens, the company had actually provided an update regarding the dividend transfer back on July 26. A
t the time, Global Tech Industries had announced that it was still in the process of working on the request forms that it had received with regards to the dividend transfer. It may be a good idea to keep the Global Tech Industries stock in your watch lists at this point.
Technical Data
GTII stock is trading below the 20-Day and 50-Day Moving averages of $0.61 and $0.94 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.28 . The company has a total market capitalization of $151K. The stock is up 25% over the past week.
