The stock of Auddia Inc. (AUUD) gained today in the current market after the company announced that they are partnering with Bleav Podcast Network and Vodacast. The stock gained more than 6.25% to reach $2.02 at the time of this writing. At the end of the last trading session, the stock closed at $1.90. The average volume of the stock traded was around 547.15K.
Reason for the AUUD stock gain
Today the Auddia Inc. (AUUD) announced that they starting a partnership with Blieve Podcast Network and Vodacast.In this partnership, Bleav will select six podcasts and create digital content for every new episode. Also, the hosts will advertise the Vodacastapp in the podcast in each episode.
After the news hit the market the investors were in joy because of the companies joining together with their innovative technologies which give them a competitive edge in the market.
Auddia Inc. (AUUD)’s technology will be used by Blieve a podcasting network to create rich content in the podcasts that will create a unique experience for its podcast listeners.
AUUD will go the extra mile to create some extra revenue for the podcasters by having its digital feed content being shown to a larger target audience. In November the company reported that 90% of its users interact with its digital feed content that has contributed to the increase of app download by more than 230% compared to last year. They are expecting that the fans will get an even richer experience engaging with the digital feeds.
Effect on the rise of the stock
This major partnership in the history of Auddia Inc. (AUUD) is significant and its results have been reflected in the pre-market today. Due to which the price of the stock is gaining extraordinarily. This partnership will play an important role in increasing the market share of the company and bringing more revenue and addressing a larger target audience.
Conclusion
Investors are interested in Auddia shares. The current situation is an ideal and attractive scenario for investors to invest in low-priced technology stock and wait for its growth in the future. This ideal situation might show that nothing can stop the stock from further gaining its value but no one is sure whether the stock will decline or not.