Blue Star Opportunities Corp (OTCMKTS:BSTO) Stock Takes a Hit: Falls 44% In a Week

Stocks can often move significantly in either direction without any news and in that sort of situation it may be important for investors to have a look into the company.

Market Stats

On Friday, BSTO stock slumped 28.50% to $0.0392 with more than 2.5k shares, compared to its average volume of 42.9k shares. The stock has moved within a range of $0.0392 – 0.0392 after opening trading at $0.0.392.

Key Trigger

One of the stocks to have tanked significantly last week without any news was that of Blue Star Opportunities Corp (OTCMKTS:BSTO). On Friday, the stock continued to slide amidst a selloff and went down by 28%. That took the decline recorded by the stock over the course of the week to as much as 44%. In this situation, it is perhaps a better idea for investors to have a better idea about the nature of Blue Star’s business.

It is a window marketing company and is primarily involved in the production and supply of flooring as well as other items which may be needed for construction and renovation. It operated under the brand name Duro Design in Canada and the United States. It serves a wide range of clients starting from designers, architects and real estate managers to retail chains, institutions and museums among others. In light of the fact that there has been no news, it may be a better idea to keep an eye out for any news that might emerge about Blue Star.

Traders Corner

BSTO stock is trading below the 20-Day and 50-Day Moving averages of $0.0570 and $0.0497 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0390.