GEE Group Inc (JOB) Stock Attempts To Rebound: Will The Rally Continue?
This past Friday the GEE Group Inc (NYSEAMERICAN:JOB) stock was in focus among many investors and ended the day with gains of 5.5%. While the gains were notable, it is also necessary to keep in mind that there has been no recent development regarding the company that might have led to a rally in the stock.
However, in light of the rally, it might be a good move for investors to take a look at the company’s second fiscal quarter financial results announce back in May. In the quarter that ended on March 31, 2021, the company managed to record a 0.1% year on yaer rise in its revenues.
The company, which is based out of Jacksonville in Florida, announced that its professional staffing operations business experienced a recover from the slump that had started back in March 2020. Derek Dewan, who is the Chief Executive Officer and the Chairman of the company, spoke about the performance at the time as well.
He stated that the upswing in business activity has resulted in the rising demand for the staffing solutions that are provided by GEE Group Inc. It might be a good idea for investors to keep an eye on any fresh news about the company this week.
Market Reaction:
On Friday, JOB stock went up 5.43% at $0.60 with more than 24.28 million shares, compared to its average volume of 7.967 million shares. The stock had moved within a range of $0.5904 – 0.6573 after opening the trade at $0.61. Over the past 52-week, the stock has been trading within a range of $0.4800 – 2.1700.
