High Wire Networks Inc (OTCMKTS:HWNI) Stock Sees Selling Pressure At a Higher Level
High Wire Networks Inc (OTCMKTS:HWNI) is regarded as one of the global leaders in technology and managed cybersecurity enablement. Yesterday, the company was in focus after it announced that it had been awarded a project related to mobile Wi-Fi access refresh worth as much as $5.3 million by a retail store chain with a nationwide presence.
Trading Data
On Wednesday, HWNI stock fell 6.25% to $0.1050 with more than 839.90K shares, compared to volume of 253.50K shares. The stock moved within a range of $0.1050 – 0.1220 after opening trade at $0.1135.
High Wire Wins $5.3 Million Multi-Site, Wi-Fi Refresh for Nationwide Retail Store Chain
The company also announced that the contract had been won by the company thanks to the work put in by one of its major global channel partners. The award of such a contract is almost always seen as a positive by investors and it is going to be interesting to see if he stock can manage to come into focus among investors in the coming days.
The company’s channel partner is one of the biggest technology integrators and resellers and has managed to secure project contract worth more than $35 million for High Wire Networks over the course of the past years.
High Wire will work on rolling out the mobile Wi-Fi access refresh at more than 2000 retail stores owned by the client across the United States. The project would help in upgrading the wireless technology at each store to the latest and most secure one.
