Investors are nowadays increasingly looking for stocks that have displayed strong momentum and it is understandable, considering the possible rewards. One of the stocks that could be tracked due to its recent momentum is that of Sun Kissed Industries (OTC: SKDI).
The company is involved in the luxury goods business and is regarded as one of the leading providers. On Wednesday, the company made a significant announcement that ought to be followed closely by investors. Sun Kissed announced that it managed to participate in the SFLMaven event “Famous Thursday Night Auction” and managed to produce great results. The event in question has been taking place every Thursday for as long as 18 years.
Sun Kissed announced that in the week that ended on February 25, it managed to generate bookings sales to the tune of as huge as $197,905. The sales were primarily generated from the Thursday night auction and could prove to be a long-term revenue generator for the company.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.