Infinite Group Inc. (OTCMKTS:IMCI) Stock Pulls Back After The Recent Gains

Infinite Group Inc. (OTCMKTS:IMCI) stock was under pressure in the previous trading after the news. However, the stock is still up 8% over the past week.

Market Action

In the previous trading session, IMCI stock decreased 6.60% at $0.1775. A total of 1K shares traded for the session hands, below its average volume of 11k shares. The stock opened at $0.1707 and moved in a range of $0.1707 – 0.1775.

Key Trigger

IGI Cybersecurity Announces Commitment to Global Efforts Advocating for Cybersecurity and Online Behavior Change during Cybersecurity Awareness Month

Infinite Group announced its commitment to Cybersecurity Awareness Month, held annually in October, by signing up as a 2021 Champion andjoininga growing global effort to promote the awareness of online safety and privacy. The Cybersecurity Awareness Month Champions Program is a collaborative effort among businesses, government agencies, colleges and universities, associations, nonprofit organizations, and individuals committed to the Cybersecurity Awareness Month theme of ‘Do Your Part. #BeCyberSmart.’

More than ever before, technology plays a part in almost everything we do. Connected devices have been woven into society as an integral part of how people communicate and access services essential to their well-being. Despite these great advances in technology and the conveniences this provides, recent events have shown us how quickly our lives and businesses can be disrupted when cyber criminals and adversaries use technology to do harm. Cybersecurity Awareness Month aims to shed light on these security vulnerabilities, while offering actionable guidance surrounding behaviors anyone can take to protect themselves and their organizations. Everyone has a responsibility to do their part in securing our interconnected world.

Key Quote:

“Each year, we make it a priority to be a Champion for Cybersecurity Awareness Month to encourage businesses to prioritize their information security,” said Andrew Hoyen, President and COO of IGI Cybersecurity. “This year, we’ve seen everything from ransomware to phishing attacks surge, which is why we are encouraging businesses of all sizes build a sound security strategy.”

Trader Notes:

IMCI stock is trading below all the key moving averages with 200-day and 100-Day SMA stand at $0.1959 and $0.1993 respectively. The stock has soared 97% so far this year.