The diversified technology company JZZ Technologies Inc (OTCMKTS:JZZI) did not have a particularly great time in the markets yesterday as its stock suffered from a selloff and went down by as much as 7% as a consequence.
On Thursday, JZZI stock moved down 6.67% to $0.0014 with 1.18 million shares, compared to its average volume 11.19 million shares. The stock moved within a range of $0.0014 – 0.0015 after opening trade at $0.0014.
JZZ Technologies, Inc. Digital Division Adds 15 Million Records to Its B2B Marketing Database That Now Totals 24 Million Records
That being said, it should be noted that the company made a fairly major announcement yesterday which investors ought to look into and then make up their minds about the stock. JZZ announced that it had been successful in adding 15 million new records to its B2B database, which is a part of the Active Lifestyle Digital Marketing division at the company.
It should be noted that in the past the company had managed to acquire as many as 9 million B2B records and the latest development takes the strength of the database to 24 million records. The B2B marketplace records with the company now include senior management details as well including CEOs, top management and actual business owners.
Most marketing experts believe that the B2B market is one of the more valuable segments when it comes to marketing. As it happens, Yahoo Finance has estimated that the valuation of the B2B marketplace could touch a staggering $2.3 trillion by 2030.
Charles Cardona, CEO of JZZ technologies, Inc. stated, “The B2B marketplace is a valuable segment for marketers suited to our products. This additional group of 15 million records adds a depth to our overall B2B reach and strengthens the value of our database.”
JZZI stock is trading below the 20-Day and 50-Day Moving averages of $0.0015 and $0.0018 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0042.