Max Sound Corp (OTC BB: MAXD), a junior application software company, experienced an upward share price momentum after gaining more than 12% during each of the past two consecutive trading days with significant number of shares exchanging hands. In the last trading session, MAXD was among the top gainers in the U.S. technology sector after climbing 22.3% and closing at $0.21 while recording huge volumes of 2.6 million shares. During the past 5-trading sessions, the stock powered 50.8% higher with daily average trading volumes of 1.2 million shares. The stock rallied over 153% during the past one month from its 52-week low of $0.08 touched last month recording significant daily average trading volumes of 860,401 shares. Earlier this month, MAXD had entered into a revenue sharing agreement with LOOKHU, an online subscription service that delivers movies, music, television shows, apps and games. LOOKHU is different from other content providers because of its exclusive content, and available HD audio platform, built and powered by MAX-D. As per the agreement, MAXD will be paid 25 cents per month per paid subscription and 4% of the net revenue collected from advertising MAX-D HD Audio.
Company Description:
Max Sound Corp (OTC BB: MAXD) is a technology company that converts audio files to high definition with no increase in file size or bandwidth. The company’s product and services are designed to add value to audio components of several separate industries including consumer electronics, motion pictures, broadcasting, video games, recordings and cell phones.
1-Year Stock Chart:
Source: Bloomberg
