Auddia Inc. (NASDAQ:AUUD) Stock Falls Suddenly: Should You Panic?
Auddia Inc. (NASDAQ:AUUD) dropped 9% after announcing Bluewater Broadcasting to be the fourth radio group on its Auddia platform. The Montgomery, Alabama –based Bluewater Broadcasting operates eight local radio stations with a monthly audience of more than 150,000 listeners. Bluewater CEO and Managing Partner Rick Peters said that he heard about Auddia from associates, and he loved the idea immediately after he heard of the opportunity.
The broadcaster is joining the likes of radio Alabama, Amaturo Sonoma Media, and Lakes Media in expanding the Auddia platform’s exposure to close to 650,000 subscribers.
Recently, Auddia announced that the launch of its Auddia App would immediately be available in the AppStore. The company said that the android app would launch in the weeks to come. Auddia’s recently announced AI advancements will now allow the company to expedite the national launch and rollout of the platform ahead of schedule. The company is not running pilots on trial apps as part of the beta launch leading to the national launch. So in the coming weeks, AUUD will be a stock to watch.
Market Reaction:
On Tuesday, AUUD stock decreased 9.20% at $3.46 with more than 616k shares, compared to its average volume of 3.21 million shares. The stock has moved within a range of $3.4000 – 3.8899 after opening the trade at $3.97. Over the past 52-week, the stock has been trading within a range of $2.2100 – 9.3000.
