Alpine 4 Technologies, Ltd. (ALPP) stock was trending up 7.23% to $4.60 on Wednesday close. The stock changed hands 2,061,926 times during the day yesterday compared to the 30-day Average Volume of 4,715,112. At present, ALPP has a total Market capitalization of 574,999,977 and 124,999,995 shares outstanding.
Alpp’sLine of trade
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Alpine 4 Technologies, Ltd. (ALPP) is a publicly-traded conglomerate focused on disruptive innovations in Drivers, Stabilizers, and Facilitators businesses. The Company understands the nature of how new technology can create opportunities for innovation, even in a brick-and-mortar business.
Only news directly related to the stock was released on January 26, 2021, when Alpine 4 Technologies, Ltd (OTCQB: ALPP) revealed that it now holds the second of its two patents surrounding its Brake Active rear-end collision avoidance product. The first patents related to the proposed technology was approved in October of 2020.
During braking, Brake Active pulses the 3rd brake light, which contributes to enhanced safety. A4 Technology’s Brake Active system was designed in the USA and is manufactured in Silicon Valley, California at Quality Circuit Assembly, Inc. QCA is a division of Alpine 4 Technologies, Ltd. located in the Company’s A4 Manufacturing Portfolio. Its integration with A4 furthers the Company’s goal of vertical integration.
In addition to contributing to the Brake Active patent, Ian Kantrowitz, VP of Investor Relations, said, “We place tremendous value on our intellectual property. The combined strength of these two patents gives us a competitive advantage.”
“Automotive products have a market value of over $2 billion and include technology like Brake Active, which can make a substantial difference to people’s lives.” Kent Wilson, CEO of Alpine 4, said in a statement.
Shareholders have been more willing to drive this stock price up to and down this year on simple company news or no news at all. These recent surges look to be a follow up of similar patterns.