Net Element, Inc. (NASDAQ: NETE) is having an overwhelmingly strong day in the market today, and for good reason. In a press release issued early this morning, the company announced that one of the most influential figures on Wall Street has joined its Board of Directors. Of course, this led to excitement among investors, sending the stock screaming for the top. Today, we’ll talk about the news, what we’re seeing from NETE, and what we’ll be watching for ahead.
Najarian Joins The NETE Board Of Directors
As mentioned above, Net Element is having an incredibly strong day in the market today after announcing an addition to its Board of Directors. In a press release issued this morning, the company announced that Jon Najarian has joined its Board of Directors. Najarian will also serve as a member of the Company’s Audit, Compensation, Nominating, and Corporate Governance committees.
Najarian is a key figure in the world of investing and an incredible addition to the NETE team. He is a professional investor, money manager, and media analyst. He can be seen weekly on CNBC as a cast member of the “Halftime Report” show and the “Fast Money” show. He is also co-founder of Investitute, LLC, a company that recently launched Crypto Basics, an educational service covering the basics of cryptocurrency. In a statement, Najarian had the following to say about NETE:
I am impressed with Net Element’s technologies and its goals to disrupt the payments industry through innovation and value-added service offerings that include its recently announced plans for a decentralized blockchain platform. I am excited for what the future holds for Net Element, and am eager to support and advise on the Company’s current strategy. I look forward to joining the team.
What We’re Seeing From The Stock
One of the first lessons that we learn when we start to dig into the market is that the news causes moves. In this particular case, the news proved to be overwhelmingly positive. With Najarian joining the Board, the company’s interests will likely further align with investors’. Not to mention, the experience he brings to the table and the following he has makes him overwhelmingly valuable. So, it’s no surprise to see that NETE is running for the top today. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:32), NETE is trading at $7.49 per share after a gain of $1.38 per share (22.59%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on NETE. In particular, we’ll continue to follow the story surrounding the company’s work in the blockchain space, and we’re excited to follow what Najarian brings to the table. Nonetheless, we’ll continue to watch the news closely and bring it to you as it breaks!
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