If you are currently looking into stocks which may have made significant gains over the course of the past week then it could be a good time to start tracking the Allied Esports Entertainment Inc (NASDAQ:AESE) stock.
On Thursday, AESE stock gained 3% at $2.28 with more than 6.82 million shares, compared to its average volume of 588K shares. The stock has moved within a range of $2.0600 – 2.4000 after opening the trade at $2.20.
Changes to its Board of Directors and Management Team
Yesterday, the stock was in action and ended the day with gains of as much as 3%. That stretched the gains made by the Allied Esports stock to as much as 17% over the course of the past week. Yesterday the worldwide esports company was in the news once again after it made an announcement with regards to some of the changes that had been made to the management team as well as to the Board of Directors.
It might be a good move for investors to take a look at some of the updates. The Board of Directors at the company appointed Guanzhou Qin to the Board of Directors in the capacity of a Class B director to plug a vacancy that had been created due to the resignation of Alexander Misch earlier on in the month. On the other hand, Yanyang Li, a current member of the board was elected to the post of the co-Chairman following a vote.
Co-Chairman and President Lyle Berman said, “We are pleased to announce the addition of Jerry Qin to the Company’s Board of Directors. Jerry’s financial acumen, coupled with his extensive executive management and directorship experience with both early-stage and publicly-held technology companies make him an excellent addition to our Board.”
AESE stock is above the 20-Day and 200-Day Moving averages of $1.93 and $2.23 respectively. Moreover, the stock is trading above the 50-Day moving average of $1.82. The stock is up 31% in the past month.