XcelMobility Doesn’t Quite Excel in the Stock Market Today, Drops 26% (XCLL)

XcelMobility (OTC: XCLL), a provider of high-speed web browsing solutions, dropped $0.11 today after closing at $0.42 yesterday. The company’s stock price opened at $0.4465 and fluctuated throughout the day. At its highest point today, it rose to $0.449 and dropped down to $0.28 before closing at $0.31. The stock hit its high point on January 24, 2012 and January 30, 2012, when it closed at $1.03 both days. The price has fallen steadily since then. It bottomed out to the $0.11 – $0.12 range from June 22-28, 2012, and then steadily climbed until yesterday.

Volume was still up more than 80%, with 787,066 shares traded. More than 1.3 million shares were traded yesterday. The stock reached a high volume of more than 3.1 million shares traded on January 3o, 2012.

XcelMobility, based in Redwood City, California, is known for its Mach 5 Internet products for mobile technology such as cell phones, mobile computers and tablets.  It offers Internet accelerators for laptops and cell phones and soon, the iPad. It also developed a mail delivery system for all types of cell phones.  The company also offers video accelerators, location-based tracking services, cell phone virus protection and Internet accelerators specifically for enterprises. The interface is also user friendly, similar to using Internet Explorer or Google Chrome on your personal computer. The company partners with top technology companies, including NEC, Toshiba, Sony Ericsson, Fujitsu and Kyocera.

Just four days ago, XcelMobility announced that it had reached a milestone.  The company had reached more than 1.5 million subscribers in Asia. The company focuses on promoting new products to the Asian market. Its newest product, the Mach 5 Xcelerator, was tested by the largest cell phone manufacturers and carriers in the world. They all agreed that it provided an Internet speed 5-10 times faster than standard web browsers. Users were able to load webpages, videos and applications much faster than before.

On May 7, 2012, XcelMobility announced it had entered discussions with Xinjiang Mobile to target corporate clients in northwestern China. The Mach 5 Xcelerator will be offered to the nearly 22 million people located in Xinjiang Uyghur’s region.  The target market consists of a highly mobile population that consumes high amounts of bandwidth.

XcelMobility’s stock has been promoted in stock newsletters the past few weeks. It has been touted as one of the top five penny stocks to watch. Perhaps XcelMobility will excel once again in the near future. Investors will no doubt be watching its stock price closely over the next few trading days.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.