Artificial Intelligence Tech Solutions Inc (OTCMKTS:AITX) Stock Continues to See Selling Pressure: But Why?

Artificial Intelligence Tech Solutions Inc (OTCMKTS:AITX) stock is seeing a bit of buying pressure in the opening session on Tuesday after the recent fall. The stock has already fallen 12% over the past week.

Market Action

As of 11:42, AITX is trading lower by 1% to $0.0335. More than 11.28million shares have exchanged hands, above its average volume of 29.91 million shares. The stock opened at $0.0337 and moved in a range of $0.0330 – 0.0350.

Robotic Assistance Devices Announces Updated Board of Advisors

Here are the highlights:

announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has revised its Board of Advisors. In July 2021, the company announced that Jeffrey Slotnick, CPP, PSP, had been appointed as Chairman of the company’s Board of Advisors.

“One of Jeff’s first assignments as Chairman of the Board of Advisors was to evaluate the existing Board and recommend additional members that would contribute to RAD’s future objectives,” said Steve Reinharz, CEO of AITX and RAD. The company’s new Board of Advisors is a diverse group of 28 security, law enforcement and technology experts that will help guide the company’s direction in a variety of ways. “I’m so pleased with this roster of advisors. Each member will bring their experiences, vision and their influence to the table,” Reinharz added.

“We have great plans on how to fully utilize this amazing group of RAD influencers and industry leaders,” said Jeffrey Slotnick, CPP, PSP, Chairman of the RAD Board of Advisors. “We anticipate having committees and teams of Board members looking at penetrating new markets for RAD solutions, leveraging their social networks, plus advising RAD leadership on day-to-day operations as the company continues its rapid growth,” Slotnick concluded.