One of the companies that had come into the news cycle following a key announcement was Truxton Trust Company (OTCMKTS:TRUX) and that could well bring the company’s stock into focus among investors today. The company announced yesterday that it appointed a new Vice President of Marketing and Communications in the form of Swan Burrus and the appointment had gone into effect back on November 14, 2022.
Trading Data
On Monday, TRUX stock ended flat at $64.40 with more than 46 shares, compared to its average volume of 1.54K shares. The stock moved within a range of $64.40 – 64.40 after opening trade at $64.40.
It was a major new appointment for the company since Burrus would be responsible for leading all elements of the company’s communications, which would include digital strategy, branding and marketing. Such an appointment can often prove to be a long term boost for a company if things go well and it is going to be interesting to see how investors react to it.
The Chairman and Chief Executive Officer of the company Tom Stumb spoke about the appointment as well. He noted that everyone at the company was ‘delighted’ at the fact that someone with the skills as well as experience of someone like Burrus had decided to join the firm. Burrus is a highly experienced executive who has worked in branding and marketing for more than ten years. He has worked for some of the biggest advertising agencies.
Key Quote
Tom Stumb, Chairman and CEO, said, “We’re delighted to have someone with Swan’s experience and expertise join our team. For the past 18+ years, we’ve worked hard to earn a respected reputation for giving our clients thoughtful advice based on a thorough and diligent analysis of each client’s financial circumstances. We appreciate Swan’s enthusiasm for helping us advance and communicate our unique story to our various and valued constituencies.”
Technical Data
TRUX stock is trading below the 20-Day and 50-Day Moving averages of $63 and $65 respectively. Moreover, the stock is trading below the 200-Day moving average of $69.
