There were a fair number of stocks that had started the week on a pretty strong footing on Monday and this morning most of those stocks are going to come on to the radars of investors. That being said, it may be difficult for investors to actually start tracking all of those stocks, and hence, it is necessary to be a touch selective.
One of the stocks which had managed to make a notable move yesterday was that of JZZ Technologies Inc (OTCMKTS:JZZI), which had ended up with gains of as much as 6% amidst significant interest. JZZ Technologies is involved in the media technology space and is mainly involved with the digital media domain.
Trading Data
On Friday, JZZI stock moved up 5.56% to $0.0019 with more than 2.10 million shares, compared to its average volume of 9.18 million shares. The stock moved within a range of $0.0018 – 0.0020 after opening trading at $0.0018.
About The Company
The company has managed to set up a digital media business that offers a whole host of products and services. It offers mobile applications and online media, publishing, content development, digital marketing, video content streaming, and over-the-air television that is targeted at active adults over the age of 55. However, that is not all. In addition to all this, JZZ Technologies is also involved in the acquisition of bioscience and biotechnology acquisitions which may be of strategic importance. It makes those acquisitions which are wholly focused on human longevity and human life extension. JZZ Technologies is based out of West Palm Beach in Florida.
JZZ Technologies, Inc. Creates New Division Aimed at Developing Commercial and Residential Living Spaces Geared to Active Seniors Age 50+
The company came into focus on Monday after it announced that it had created a new division altogether. The new division is going to be involved in the development of commercial as well as residential properties that are going to be aimed at active seniors who are aged more than 50 years old. In order to achieve that, JZZ Technologies is going to leverage its existing assets as well as its strategic business relationships. The new division is going to be involved in designing, financing and developing independent as well as assisted living properties in the Southeastern region of the United States.
It was a major new announcement from the company since it indicated that JZZ Technologies was getting into a new business altogether. It seems that investors were suitably optimistic about the direction that the company chose as well. The projects that JZZ Technologies are going to be involved in may include support services facilities, assisted living properties, residential housing, dedicated veterans housing, entertainment facilities, commercial projects and independent living facilities. The projects may not be limited to the above-mentioned ones.
Such a move from JZZ Technologies could make sound commercial sense as well considering the fact that as per 2019 figures from the United States Census Bureau, the number of Americans over the age of 50 is at more than 120 million. It is believed that this massive demographic holds some particular concerns with regards to its residential needs, life care and mobility that cannot be found in any other demographic. More importantly, it is a wealthy demographic and holds as much as 84% of the total wealth in the United States.
Technical Data
JZZI stock is trading below the 20-Day and 50-Day Moving averages of $0.0021 and $0.0025 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0051. The company has a total market capitalization of $862K. The stock is down 14% over the past month.
