(PDPG) Update: Rocking Early, Today's Breakout Idea Is Up Approximately 193% With Breaking News
Turn your immediate focus to PDPG this second. Here's why.
PDGP is on fire early and has already hit a high of $.069+.
With this burst, PDPG is up approximately 193%.
Part of this move could be due to today's major company announcement. Check it out:
Performance Drink Group Adds Top Industry Veteran James Gracely as New SVP
WHEAT RIDGE, CO / ACCESSWIRE / April 11, 2022 / Performance Drink Group, Inc. (OTC PINK:PDPG) ("Performance Drink" or the "Company"), a new force in the manufacturing of unique Sports Nutrition and Energy Drinks, is pleased to announce the hiring of James Gracely, a senior executive with more than 20 years' experience in the Beverage, Health & Wellness industry, as the Company's new Senior Vice President ("SVP").
During his tenure at VPX/Bang Energy, James helped grow annual sales at the company from under $80Mn to more than $ Bn doll-ars, achieving a 10% market share in the energy category. During this period, he held the roles of National Sales Director and Vice President of Sales, managing a sales team of both domestic and international members.
Previously, James was an integral part of the foundation that created Ignite Beverages, a subsidiary of Ignite international. As President of Ignite Beverages, he helped to introduce a portfolio of performance beverages including alkaline water and functional energy, as well as moving into the alcohol space with tequila and vodka.
James was then named Sales Director for Dan Bilzerian's company "Ignite International" where he was responsible for a suite of Ignite products for domestic and international markets, including beverages, C-B-D products, and vape. With James on board, Ignite turned a $10Mn loss in 2019 into a $20Mn pro-fit in 2020. He has recently been consulting for beverage and snack brands, helping companies with product placement in convenience, grocery, and military retail.
"James is a game-changer, and we are truly excited to bring him on board as our new SVP," stated PDPG CEO David W. Lovatt. "He brings deep experience and a long track record of relevant success to the table, and we know he will help Performance Drink Group emerge as a leader in the performance beverage space."
Read the full article here.
From a technical standpoint, PDPG has now moved above 4 lines of potential support including its
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
If potential support grows at those levels, it could become building blocks for an even bigger near term move.
Take a second now to read my initial PDPG report below and get it on your radar quickly.
We've got a little time before Monday's opening bell, so let me break it down.
This past week, I brought to your attention a low float idea in (BSTO).
Part of the reason I did this was due to one HUGE potential catalyst - it's low float.
With the OTC Markets' website reporting it to have fewer than 5Mn shares in its float, volatility could take hold of a profile like that when it receives added attention.
And did it ever.
Charging from an open $.061 to a new 52-week high of $.22, BSTO rocketed approximately 260% intraday.
So why is that important? Easy.
The OTC Markets' website is reporting your new profile for Monday to have a float of fewer than 1Mn shares!
I hope I've got your attention...
Based on its minuscule float, oversold technical indicators, and big plans for 2022, there is only one profile to have on your radar right now:
*Performance Drink Group, Inc. (PDPG)*
Performance Drink Group is an emerging force in the development, production, and distribution of unique Sports Nutrition and Energy Drink solutions. The company is currently targeting growth in shareholder value through both organic and strategic channels.
And right now, this company has several potential catalysts to know ahead of Monday's opening bell. Here's a quick rundown:
No. 1 - Another Low Float Profile
No. 2 - LOI Signed Towards Establishing A JV With EU-based Partner
No. 3 - Oversold Leaning Technicals Could Signal Reversal Potential
No. 4 - An Explosive Chart History
But more on those in a second...
Niche Beverages: Arguably One of the Fastest-Growing Industries Out There (1)
So how hot is the energy drink market? Consider this...
Energy drinks in America are among the most popular non-alcoholic beverages, and recent data points to extensive consumption.
33.85% of young adults aged 18 to 29 drink these products regularly, while 10.48% of those aged 50 to 64 have reported being regular consumers.
The global energy drinks market was valued at $63Bn in 2020.
Despite the economic downturn brought on by the worldwide health crisis, the global energy drinks market is expected to grow at a CAGR of 7.3% between 2021 and 2026.
Some market researchers attribute these impressive stats on energy drinks to the increasing number of individuals adopting fitness activities.
There’s a MASSIVE Underserved Market Gap that PDPG is Looking to Close and Dominate (1)
Every market goes through stages. There are no exceptions. The first is the “wow” factor when a product takes off. But then there’s a maturity process.
In the case of the energy drink market, the market is WIDE OPEN for healthier choices. And when we say healthier, we do not mean in marketing only.
We’re talking about clean, healthy ingredients as well as the same taste and boost the highly sugared and extraordinarily caffeinated beverages now provide.
As you can see in the chart below by Future Market Insights, this is happening right now.