My Size, Inc. (NASDAQ:MYSZ)
Shares of My Size, Inc. (NASDAQ:MYSZ) are up over 25% on extraordinarily large volumes after the APP developer announced the launch of its RealSize at the Apple app store. MYSZ shares closed at $1.08 on Monday and gapped up to open at $1.28 before hitting an inter-day high of $1.78 before settling into a trading range between $1.30 and $1.40. MYSZ shares have a posted 30-day, daily average figure of 91,640 but by 12:30 PM EST, MYSZ shares had traded over 5.8 million times.
MySize Inc. (NADAQ:MYSZ) has developed a patent-pending measurement technology called TrueSize. It is based on algorithms and cutting-edge technology and has broad applications including the apparel, e-commerce DIY, and package delivery industries. MySize’s TrueSize technology is driven by several patent-pending algorithms which claim to be able to calculate and record body size measurements using a variety of methods.
RealSize is a white label, apparel measurement application developed by MySize based on the their TrueSize technology. With the formal launch of RealSize, TrueSize is now available to any retailer interested in personalizing their customer service, reducing online sales returns, and increasing user conversion.
Shares of MySize Inc. (NADAQ:MYSZ) began trading in late 2016. Initially stable, the stock has plummeted over the past six months from a trading range between $5 and $6 to just over $1. MYSZ has a 52-week low of $0.99 and posted a 52-week high of $16.70.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.