On its first day of trading under the new symbol, Emo Capital Corp. (OTC:NUVI) was massively traded.
The stock symbol change was enacted yesterday as reported by a press release on the OTC Markets. The press release cited that: “the company had obtained approval from the Financial Industry Regulatory Authority to change its trading symbol from EMOE to NUVI effective Monday, January 9th, 2011”
On the same day, NUVI hit a record high trading volume. As seen on the 1-year stock chart, the volume of NUVI reached its 52-week culmination after nearly 409 thousand shares were exchanged.
At the same time, the share price jumped from $0.71 to $0.76 during the day. This means that a buying pressure was formed yesterday which pushed NUVI share value higher up on the chart.
Further focal news from yesterday concerning NUVI is the promotional campaign on the company which was initiated by a promoter called Research Driven Investor. The promoter started distributing a promotional newsletter after the end of the trading session.
According to the disclaimer of the letter, Research Driven Investor had been hired by Equities Awareness Group to perform a one-day investor relations program for the amount of $40,000.
