Signs are everywhere that the stock market is getting increasingly difficult for amateur traders. In a wicked pump then dump in STRN stock in morning trade on January 6, 2022, traders are shocked and in disbelief over StockTwits.
Stran & Company Secures Multi-Year Contract with Large National Healthcare Company
On January 6, 2022, Stran & Company, Inc. (NASDAQ: STRN) (NASDAQ: STRNW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced that it has secured a multi-year contract with a large nationally recognized healthcare company to provide incentive products and literature designed to help drive consumer health behaviors.
Stran was selected as the provider for this initiative based on its expertise in managing complex promotional marketing programs and its ability to effectively source a wide variety of relevant products. The incentive products that will be distributed to the program participants include branded promotional items, educational collateral, and un-branded medical devices that are aimed at driving consumer health behaviors of pregnant women as well as those suffering from hyper-tension or high blood pressure.
Andy Shape, President and CEO of Stran, commented, “We are pleased to be selected by this premier healthcare company, which reflects our traction in the market. We believe this selection also validates our ability to address the complex marketing needs of our customers. The healthcare industry is among the top industries utilizing promotional products as a marketing tool to increase brand awareness and engage with consumers. We believe the healthcare market represents a significant, yet largely untapped, opportunity to utilize promotional products to help drive positive and healthy consumer behaviors. We look forward to working closely with this customer and anticipate this contract will drive significant annual revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... for Stran with potential expansion opportunities.”
Over the past 25 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen partner of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty.
📺 What Happens Next with Stran – New Price Target $STRN[embedyt] https://www.youtube.com/watch?v=1CYjl4aqrGQ[/embedyt]
📉 STRN Stock Technical Analysis
The short-term trend is negative while the long-term trend is positive. STRN is one of the better-performing stocks in the Media industry, it outperforms 97% of 106 stocks in the same industry. STRN is currently trading in the lower part of its 52-week range. The S&P500 Index however is trading in the upper part of its 52-week range, so STRN is lagging the market.
There is a resistance zone ranging from 5.08 to 5.09. This zone is formed by a combination of multiple trend lines in the weekly time frame. There is also resistance at 5.30 from a horizontal line in the daily time frame.
STRN has an average technical rating and it also does not offer a high-quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when STRN stock consolidates and is a good long entry.