Twin Vee Powercats Inc (OTCMKTS:TVPC) Stock In Action After The recent News
Twin Vee Powercats Inc (OTCMKTS:TVPC) stock continued to move within a narrow over the past few weeks. The stock has surged 18% over the past month.
Market Action
In the previous trading session, TVPC stock ended flat to $0.1648. A total of 3.7k shares traded for the session hands, above its average volume of 40k shares. The stock opened at $0.1648 and moved in a range of $0.1648 – 0.1648.
Key Trigger
Twin Vee PowerCats Co. Appoints New Chief Financial Officer
Twin Vee Powercats announced the appointment of Carrie Gunnerson as its Chief Financial Officer, effective October 1, 2021. Gunnerson succeeds Donna Barnett, who will continue on a part-time basis to ensure an orderly transition.
Gunnerson comes to work at Twin Vee after sixteen years with Art’s Way Manufacturing Co., Inc., a Nasdaq-listed manufacturer of agricultural equipment, modular buildings, pressure vessels, and carbide cutting tools headquartered in Armstrong, Iowa. She served as Art’s Way’s Chief Financial Officer from 2004-2015 and 2018-2019, as well as its Chief Executive Officer from 2007-2020.
Her duties included the drafting and review of Art’s Way’s filings with the SEC and Nasdaq, directing audits and quarterly reviews, and spearheading the development of the budgeting and forecasting process. After relocating to Palm City Florida, she founded Gunnerson Consulting, providing financial services to small and mid-size companies. Gunnerson began working for Twin Vee in late July 2021, during its initial public offering in an advisory capacity. Since then, she has assisted the Twin Vee management team on various financial matters as a new publicly traded company.
Key Quote:
“We’re excited to welcome Carrie to our Twin Vee family,” said Joseph Visconti, President, and CEO of Twin Vee. “Her deep and extensive experience in leading financial operations, working on SEC and Nasdaq filings, as well as overseeing a manufacturing operation, should make an immediate impact as we seek to grow our business and position Twin Vee for the future. I am confident Carrie will provide strong leadership and be an excellent addition to the Twin Vee team.”
Trader Notes:
TVPC stock has underperformed recently with a fall of over 45% in the past 6-month. On the technical basis, the stock is trading below its 100-day and 200-Day SMA stand at $0.1938 and $0.22 respectively. Moreover, RSI at 51 signals that the stock is trading near the neutral zone.
