On March 13, 2024, Warren Wang stepped into the role of Chief Executive Officer and Chairman of the Board at Hudson Acquisition I, following the resignation of Jiang Hui from these positions. This leadership shake-up was officially announced in an SEC filing. Warren Wang’s new role signals a major shift in the company’s top management.
HUDA Stock Shows Stability with Slight Price Decrease on March 13, 2024
On March 13, 2024, HUDA stock experienced a slight decrease in price momentum, trading in the middle of its 52-week range and near its 200-day simple moving average. According to data from CNN Money, the price of HUDA shares decreased by $0.01 since the market last closed, representing a 0.09% drop. The stock opened at $10.52, which was $0.01 lower than its previous close.
Despite the slight decrease in price, HUDA’s performance on March 13th was relatively stable, as the stock continued to trade within its established range. This indicates that investors were not significantly swayed in either direction, suggesting a sense of stability and confidence in the company’s performance.
HUDA Stock Reports Significant Decrease in Net Income for Year and Quarter
On March 13, 2024, HUDA stock experienced a significant decrease in net income compared to the previous year and quarter. According to data from CNN Money, the company reported a net income of -$34.49K over the past year, which represents a decrease of 66.14% compared to the previous year. In the most recent quarter, HUDA reported a net income of -$443.15K, indicating a decrease of 410.76% compared to the previous quarter.
