The stock of Muscle Maker, Inc. (GRIL) gained in the pre-market after the company announced in a press release about its addition of new members to its top management. The stock of GRIL was valued at around $0.59, gaining more than 1.38% from the previously closed value. At the end of the last trading session, the stock of GRIL closed at $0.58. The stock volume traded in the last trading session was around 1.12 million shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Reason for the GRIL stock gain
Muscle Maker, Inc. (GRIL) announced in a press release that they had added three new members to implement the growth strategy of Pokemoto. The three new members are Mike Spavelko, who will be serving as Vice President of Franchise Sales. Kimberly Tauch will deliver her services as Franchise Sales and Development Manager. Furthermore, Jennifer Holden is the new Director of Corporate and Franchise Training.
To execute the franchising expansion plans and training efforts for Pokemoto, the new team members will play a vital role. The company recently announced it had signed 25 new franchise agreements.
Muscle Maker, Inc. (GRIL) is the parent Company of Pokemoto, Muscle Maker Grill restaurants, and Superfit Foods. The three new members of the top management will bring a collective restaurant growth and development experience of decades to Muscle Maker through different franchise brands. Muscle Maker, Inc. (GRIL) intends to bring new sales leads using digital marketing channels such as social media campaigns, search engine optimization, and search engine ads.
Effect on the stock
The stock of GRIL lost more than 11% in the previous trading session. Today, the stock was a bit stable in the pre-market after the company announced its change in top management. Due to which the company’s stock gained value, but the gain was not much significant.
Conclusion
The company expects the new team members to execute the company’s growth strategy and help it in its expansion venture. It will help them to expand to new markets and gain new customers.
