This morning it may be a good move for investors to perhaps keep an eye on the Starco Brands (OTCMKTS:STCB) stock following an announcement from the company yesterday. The company is currently well known for having come up with the product Whipshots, which is a vodka-laced whipped cream.
On Tuesday, STCB stock ended flat at $0.1900 with more than 175 shares, compared to its average volume of 13.21K shares. The stock moved within a range of $0.1900 – 0.1900 after opening trade at $0.1900.
Starco Brands (STCB) Expands Retail Distribution of Whipshots™
Yesterday, the company announced that it was working on the expansion of the retail presence of Whipshots by moving into Indiana, Hawaii and Missouri. That was a significant new announcement and one that is expected to come to the attention of many investors.
In this context, it should be noted that the company has already managed to enter many markets in the United States successfully and it will be interesting to see how it handles the launch of Whipshots in the new markets.
At this point in time, the product is sold in as many as 14 distinct markets in the United States. The product had been launched in the retail market in February earlier on this year. In the initial stages of the launch in the new markets, the product is going to made available at retailers like Randall’s, Foodland, Hy-Vee and Total Wine & More.
“We’re thrilled to be able to offer Whipshots to even more consumers in more locations across the country,” says Ross Sklar, CEO of Starco Brands. “The demand for Whipshots has been astounding and shows what is possible when you have an incredible product and elite retail partners.”
STCB stock is above the 20-Day and 50-Day Moving averages of $0.12 and $0.13 respectively. However, the stock is trading below the 200-Day moving average of $0.32. The company has a total market capitalization of $30 million.