RadioShack Corporation (OTCMKTS:RSHCQ) posted big gains on Monday’s trading session as it surged more than 45% to close at $0.153. The gains came at a massive volume of 4.902 million reflecting strong support and healthy accumulation at lower levels. The traders play in Q stocks which have ample liquidity and high exposure for their ability to post spectacular gains once they are on BB’s platform. However, it is a risky game as all indicators point out to RadioShack being completely worthless in coming period.
RadioShack is a popular name associated with batteries, cameras, cable wire, radios and other technological devices. The company has more than1, 700 outlets that it’s in the process of shutting down. It has remained a leading retailer of innovative technological services and products as well as offerings related to home technology. It provides consumers services and products from prominent national brands, exclusive big names and major wireless carriers, within a convenient and comfortable shopping environment.
RadioShack that people know today is associated with revamping product assortment, reinvigorating stores and repositioning the brand. The new RadioShack offers refined product mix and enhances in-store experience. It is the technology resource that provides customers with the right product based on their needs. The company continues to make noteworthy strides in all areas of its turnaround plan.
In 2013, RadioShack Corporation (OTCMKTS:RSHCQ) made changes in nearly all U.S. company-owned stores. The improvement list includes introducing 100 brand statements and concept stores, which had completely redesigned interiors and the new signage highlighting the new look. Last month, RadioShack filed for bankruptcy protection in Delaware. It came after years of declining sales and plunging share price that has declined more than 99% over the last ten years. The company said that it had reached a deal with hedge fund Standard General to acquire up to 2,400 of its stores.