Over the past week, Kaival Brands Innovations Group Inc (NASDAQ:KAVL) stock has been in the midst of a heavy rotation and recorded significant declines. Yesterday, the trend remained the same on the stock as it ended the day with a drop of 11%.
However, the stock’s decline on Wednesday actually stretched last week’s losses by as much as 20%. Given the magnitude of the decline, it might be time to take a look at some recent developments and determine if the stock will soon rebound.
The stock happened to make headlines last week after the company announced that it had been notified by the NASDAQ Capital Market LLC that its stock had successfully regained the offer price requirements. minimum of the scholarship.
The letter was dated February 17, 2022. Needless to say, the return to compliance was a major new development for the company, but it did little for Kaival Brands Innovations Group shares over the course of last week.
However, that hasn’t been the only recent development investors should be aware of. Last year, in December, the company announced that it had partnered with Koupon to develop an electronic engagement program. The program will also include the digital promotion platform created by Koupon. This was a major deal for the company and one that could help Kaival Brands Innovations Group significantly in the future.
At this point, investors might do well to keep an eye on the stock despite last week’s poor performance. Given the type of work the company is doing, it may not be entirely ruled out that the stock will eventually rally.