Creative Realities Inc (CREX), a media company that help clients use the latest Omni channel technologies to inspire better customer services. The company has shown a gain in its stock but there is no clear news about this change. More about the company it deals with designing, developing and also deploys consumer experiences for high-end enterprise level network.
Unknown reasons for the mount in stock
If we look at the previous progress of the company, it has been on the skywalk for past a year with 77.45% whereas for last month the gain has been 62.79% and in the last one week company stock rose for about 8.11%.
CREX has recently announced that they have signed an agreement with an institutional investor for the purchase and sale of 800,000 shares at a purchase price of $2.50 in a registered direct offering. The offer is expected to close in Feb, 2021 while the focus is the satisfaction of customary closing condition.
Also In recent time’s social media plays a vital role in breaking or making the deal. About a month ago, company got aware of the wrong information that has been circulated on Twitter through an unauthorized Twitter account, @CRITechExp that is neither sponsored nor endorsed by the company.
CREX provided a clear information to its investors in order to clarify the wrong information. The company put forward the case to twitter’s team about the infringement of CRI’s name and likeness and ever since the account has been eliminated. The Company has not released any information about the Company via Twitter, and investors should not rely upon the information that was provided via the unauthorized Twitter account. This is maybe why the trust of investors have restored, in the company.
Even though the company’s stock have been continuously on rise doesn’t mean that the gain will continue. Therefore the scenario is a bit uncertain since we have always observed that after gaining for some time the stock comes downhill.