A small Texas-based tech firm caught a bid this morning after announcing that a wholly-owned subsidiary of the company is now underway using AI to enhance its successful SWARM solution. CloudCommerce Inc. (OTC-PNK:CLWD) said that the goal of this launch is to cut advertising costs by as much as 50%.
CloudCommerce is a provider of cloud-driven e-commerce and mobile commerce solutions. The company generates solutions that assist clients to acquire, engage, and retain its customers by leveraging cutting-edge digital strategies and technologies.
Primarily, it focuses on four areas which include front-end design, robust backend integration, effective digital marketing and analytics, and complete solutions management. Additionally, the company offers core solutions such as data analytics, digital marketing, branding and creative services, and development managed infrastructure support.
Traders seem to be anticipating a bullish open as a decent chunk of shares are bid premarket at $0.1194/share (+22.09% implied open). This would be a breath of fresh air for those who have been holding since the stock’s peak of $0.183/share made last month.
