AppTech Corp (OTCMKTS:APCX) Stock Attempts To Rebound After The Fall
The financial technology sector has managed to grow at a remarkable pace in recent years and if you are currently looking into stocks from the sector this morning, then it might be a good move to take a look at the AppTech Corp (OTCMKTS:APCX) stock.
Market Stats
On Thursday, APCX stock jumped 1.65% to $1.21 with more than 1.5k shares, compared to its average volume of 7.3k shares. The stock has moved within a range of $1.2300 – 1.2300 after opening trading at $1.23.
Appoints Chad Nelley as Chief Operations Officer
The company, which is best known for helping with e-commerce experiences, saw its stock jump by as much as 3% after it made an announcement with regards to a key executive appointment. AppTech announced Chad Nelley joined the executive team at the company in the capacity of the Chief Operating Officer.
It goes without saying that it is one of the more crucial positions in the executive team of any company and it seems that investors had been quite happy with the move. Otherwise the stock would not have rallied after the appointment had been announced.
In his new position, Nelley is going to be responsible for establishing and enforcing policies that can help AppTech in achieving success in the operational front. While the gains recorded by the stock were not particularly explosive, it now remains to be seen if the AppTech Corp stock can manage to add to its gains today.
Key Quote
Virgil Llapitan, AppTech President commented, “We are thrilled to have Chad join the AppTech team! We have full confidence that welcoming Chad into his role as COO will drive results, spur growth and increase the overall efficiency of the Corporation.”
Traders Corner
APCX stock is trading above the 20-Day and 50-Day Moving averages of $1.59 and $1.35 respectively. The stock is trading in neutral zone with the RSI at 42. The stock is up 13% in the past 6-month.
