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SFLMaven Corp (OTCMKTS:SFLM) Stock Soars After Reporting Record Single-Week Sales

Madison Hall , , , ,

SFLMaven Corp (OTCMKTS:SFLM) was up 22% after announcing results for the week ending Thursday, February 24, 2022. For the week ending February 24, the company made $319,000 in sales revenue. Its “Famous Thursday Night Auction” function, which brought in more than $283,000 in sales, accounted for the largest chunk of that amount.

Market Stats

On Wednesday, SFLM stock soared 22.22% to $0.0011 with more than 36.47 million shares, compared to its average volume of 21.90 million shares. The stock moved within a range of $0.0009 – 0.0012 after opening trading at $0.0009.

SFLMaven Reports Record Single-Week Sales Near $320k on Breakout Thursday Night Auction Performance

The offer of a bulky 14k yellow gold 44ct VS diamond pattern Cuban chainlink necklace for around $14,000, massive 18K gold fantastic 4.56CTW VS diamond group 17.8mm broad link wristband for just under $7000, and GRS approved platinum 8.34CTW VS diamond as well as a sapphire cocktail ring for around $6,600, were among the highlights of the auction.

CEO Joseph Ladin said that the company was seeking massive sales at a significant auction event this past week. However, the performance blew out their elevated expectations, putting its sales above $1 million over the last four weeks. This demonstrates robust momentum in the company’s jewelry segment. So SFLM is worth watching.

Key Quote

“Last week, we noted we were looking for a big weekly sales number on a big auction event,” stated Joseph Ladin, CEO of SFLMaven. “But this performance blew out even our elevated expectations. This puts us well above $1 million in sales over the past four weeks and demonstrates continued strong momentum in our core jewelry segment. This week’s upcoming auction also features some amazing pieces, and we look forward to another strong turnout.”

Traders Corner

SFLM stock is trading below the 20-Day and 50-Day Moving averages of $0.0013 and $0.0017 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0035.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.