Health Discovery Corp (OTCMKTS:HDVY) Stock Declines 13% in a Month: Now What?

In the past month, Health Discovery Corp (OTCMKTS:HDVY) has seen its stock go through a steady decline and during the period, it has clocked declines of as much as 13%. While the decline in the stock may be notable, it is perhaps necessary to keep in mind that there has not been any news about the company in the past month.

Market Action:

On Tuesday, HDVY stock moved down 0.25% at $0.1995 with more than 558.68K shares, compared to its average volume of 2.02 million shares. The stock has moved within a range of $0.1900 – 0.2100 after opening the trade at $0.1976.

Key Development

As a matter of fact, the last time any news emerged about the company was back on September 1 this year. At the time the company announced that its Support Vector Machines (SVM) had a breakthrough with regards to the theory of learning systems performing better than neural networks.

It was a significant development for the company at the time considering the fact that SVMs have the capability of processing unlimited amounts of data. In addition to that, Health Discovery Corp also noted that it discovered a new technique named Recursive Feature Elimination in SVMs and more importantly, it also informed that it held the patents for the same.

The continued decline in the stock in the past month maybe alarming but investors could do well to keep an eye out for any news about Discovery Health.