Helios and Matheson Analytics Inc (NASDAQ: HMNY)
Helios and Matheson Analytics is off to an overwhelmingly strong start in the market today. As soon as the opening bell rang, the stock started making a run for the top. While we're only a few minutes into the session, the stock is already seeing impressive gains. Below, we'll talk about what we're seeing from HMNY, why, and what we'll be watching for ahead.
What We're Seeing From HMNY
As mentioned above, Helios and Matheson Analytics is having an overwhelmingly strong start to the trading session today. When the opening bell rang, the stock made a mad dash for the top. Since then, we've seen further upward movement. Currently (9:46), HMNY is trading at $5.14 per share after a gain of $0.98 per share (23.56%) thus far today.
Why The Stock Is Climbing
Our partners at Trade Ideas informed us that HMNY was climbing at the beginning of the run. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it didn't take very long to dig up the story, and the news is overwhelmingly positive.
It seems as though Helios and Matheson Analytics is climbing because of a key announcement that was made early this morning. That announcement is that the company's RedZone map is now available in the Google Play store. Of course, Google Play is a massive step, as it makes the app available to millions.
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on HMNY. In particular, we're interested in seeing just how well sales go in the Google Play store. We'll keep a close eye on the data and the news and bring updates to you as soon as we have them!
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