Investview Inc (OTCMKTS:INVU) Stock Falls 22% in a Month: Here is Why
Shares of Investview Inc (OTCMKTS:INVU) have fallen over the past month. Here are key developments.
Market Stats
On Friday, INVU stock fell 2.44% at $0.0940 with more than 18.88 million shares, compared to its average volume of 1.33 million shares. The stock has moved within a range of $0.0521 – 0.0986 after opening the trade at $0.0936.
Announces Interim Management Changes in Response to Recent Allegations Against CEO
‘Diversified financial technology company, Investview Inc (OTCMKTS:INVU) on November 5, 2021 announced that it recently heard on its CEO Joseph Cammarata as well as other business associates are subject to civil and criminal charges pertaining to activities entailing a class action claims aggregator through Alpha Plus Recovery, LLC.
The company’s Board of Directors placedCammarata on administrative leave and removed the CEO of responsibilities and duties, pending the firm’s internal investigation of the matters.
The activities pertaining to him were unknown and independent of his activities on behalf of Investview. All activities ended before Cammarata became involved with Investview in December of 2019.
Alpha Plus Recovery is unrelated and hasn’t been associated with Investview, which has never had any business affiliation or dealings with Alpha Plus Recovery, LLC. The company hasn’t conducted any business with associates of Cammarata who were charged in the reported legal actions.
Due to the prevailing situation, Investview has appointed James R. Bell as the acting CEO to ensure business continuity. Bell has been instrumental since April 2020 in ensuring operational turnaround to profitability. He will be engaged in the daily operations and hence Investview is confident on no disruptions in its daily operations.
Annette Raynor, Investview’s Chief Operating Officer said that the company was unaware on the matter and has taken the steps to ensure the firm’s normal course of business.
Key Quote
Annette Raynor, Investview’s Chief Operating Officer stated, “We, as a Company were completely unaware of this matter and learned of it upon its public release. We have taken the necessary steps to ensure Investview’s continued operations in the normal course of business.”
Traders Corner
INVU stock is trading below the 200-Day and 50-Day Moving averages of $0.1082 and $0.1250 respectively. However, the stock is trading above 200-Day moving average of $0.1889. The stock is down 50% in the past 3-month.