Butler National Corporation (OTCMKTS:BUKS) Stock Continues to Trend Within a Narrow Range
Butler National Corporation (OTCMKTS:BUKS) stock continues to trend in a narrow range over the past few weeks. The stock has soared over 25% so far this year.
Market Action
On Thursday, BUKS closed down marginally at $0.64. More than 700 shares have exchanged hands, below its average volume of 36K shares. The stock opened at $0.6429 and moved in a range of $0.6395 – 0.6429.
Butler National : Submission of Matters to Vote of Security Holders (Form 8-K)
Here are the highlights:
Butler National Corporation Annual Meeting of Shareholders was held on September 28, 2021 (the “Annual Meeting”). At the Annual Meeting, 64,873,508 shares of common stock, or approximately 86% of the 75,366,749 shares of common stock outstanding and entitled to vote at the Annual Meeting, were present in person or by proxies.
Two people were nominated by the Board of Directors for election as director of Butler National Corporation, to hold office for a three year term expiring at the 2025 annual meeting of shareholders and until his or her successors are duly elected and qualified. The nominees were incumbent directors, no other persons were nominated and the nominees were elected. There were 21,586,007 broker non-votes with respect to the nominees.
Having received a plurality of the votes cast by holders of common stock at the Annual Meeting, Mr. Clark D. Stewart and Mr. R. Warren Wagoner were elected as directors.
Trader Notes:
BUKS stock is trading above its 50-day and 20-Day SMA stands at $0.60 and $0.62 respectively -signaling a strong short term momentum. So far this year, the stock has gained 18%. Will the stock rebound?
