Alpine 4 Holdings (ALPP) Stock Falls Despite Good News: Rebound Possible?
Although there was a positive announcement from the small market business operator and owner Alpine 4 Holdings Inc (OTCMKTS:ALPP) on Wednesday, the stock actually went down by 3%.
In this situation, it might be a good move for investors to take a closer look at the announcement. The company announced yesterday that its subsidiary company Morris Steel Metal bagged contracts worth as much as $1.7 million from its healthcare clients for new building projects.
It is a significant development for Morris Steel Metal and by extension for Alpine 4 Holdings. Tom Laubhan, who is the President of Morris Steel Metal, spoke about the latest developments as well. He stated that the new contracts are an indication of the company’s strength and is going to help Morris Steel Metal in being a major player in its market in the future. The company has been in business since as far back as 1998.