Respect Your Universe (OTC: RYUN) saw its stock drop another 4.4% today, closing at a share price of $0.86. Respect Your Universe has now steadily declined a total of 14% since New Year’s Day. Volume of the stock, however, stayed up at 39,315 shares, bypassing its average of 25,071 for the day.
The above-average volume of Respect Your Universe, despite the stock’s less than encouraging stock performance, has to be linked to today’s announcement. The company announced that the RYU Men’s & Women’s Fall Lines were featured in Good Morning America’s weekly “Deals & Steals” with reporter Tory Johnson, in a segment titled “Beat the Heat.”
Several newsletters have promoted the stock of Respect Your Universe. For example, Wise Alerts promoted Respect Your Universe four times last year and was compensated with 6000 shares of Respect Your Universe at an average price of $1.07 for each promotion.
There are 12 results listed on stockpromoters.com regarding the promotion of Respect Your Universe. According to @pennystock24 on Twitter, Orbitstocks promoted Respect Your Universe this afternoon.
Here are some other recent headlines for Respect Your Universe:
- July 9, 2012: Respect Your Universe announced the introduction of its first retail location. A lease agreement for the RYU Las Vegas flagship store has just been completed between RYU and The Shoppes at the Palazzo in Las Vegas, Nevada.
- July 5, 2012: Respect Your Universe announced that top UFC Fighters Gleison Tibau and Rafaello Oliveira will be representing RYU at UFC 148 Silva vs. Sonnen II on July 7, 2012, at MGM Grand Garden Arena, one of the biggest UFC Fight Cards of the year.
- July 2, 2012: Respect Your Universe announced that it will be making its debut exhibitor appearance at the 2012 UFC Fan Expo® on July 6-7, 2012, at the Mandalay Bay Convention Center in Las Vegas.
Respect Your Universe, incorporated on November 21, 2008, is a start-up stage company. The company focuses on capitalizing mixed martial arts (MMA) and similar fighting styles and designing, marketing and selling sportswear and competition apparel directed toward the worldwide MMA fan base. Its product line focuses on apparel that is designed for MMA training and competition, as well as a broader and more mainstream post-competition sportswear category.
The company’s product is classified into three categories: Training, Competition and Lifestyle. Its training apparel includes compression tops and compression shorts, training shorts, training hoodies, t-shirts and duffel bags. Competition wear includes MMA competition shorts. Sportswear includes t-shirts, hoodies, beanies and shorts. In the lifestyle classification, the company has created products which include organic graphic tee shirts, in tank, short sleeve, and long sleeve; organic hoodies and pullovers made from premium heavyweight organic cotton fleece; and bamboo rayon tees.
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