LaPolla Industries, Inc. (OTCMKTS:LPAD) was a massive mover during the overnight trading session. The stock surged by higher by close to 12% on the back of 8 times the average daily volumes, which is a bullish sign. The stock currently trades above its 50 day moving average considered a bullish sign. The relative strength index for the stock has given a buy signal on the back of the price volume action seen in the overnight session indicative of the shift of momentum towards the buy side. Traders believe the stock could head to levels of $0.32 in the near term.
LaPolla Industries, Inc. (OTCMKTS:LPAD) has been making it to headlines due to a few changes made in the top management. According to reports, LaPolla has announced the appointment of new Vice President – Sales, who can take company’s business to newer heights. David Feitl is the new VP Sales, and will report directly to company’s President and CEO Doug Kramer.
Inside Story
David Feitl comes with huge experience in sales, manufacturing and contracting. Previously, he worked in the manufacturing as well as the contracting side as foam contractor. His most recent assignment was with Rhino Linings Corporation as its Director of Sales for the Building Products Group. He also worked at Demilec USA in Arlington, TX as COO in charge of sales.
New Role At LaPolla
The senior management team of LaPolla hopes that Mr. Feitl will use his skills and experience for the achievement of desired success that he is expected to deliver. Feitl will look after all the sales activities, including management and strategic direction of company’s sales initiatives. North America is considered as a key market for the company; hence, Feitl will also try to create new business opportunities in this region.
While making this announcement, Kramer said that it’s great to have an experienced person like Feitl on board. He brings over 20 years of experience on the table and can surely pave new ways for revenue generation in the coming months.
Feitl himself is very excited to be a part of LaPolla Group. He said that as soon as he came to know about this opportunity to join LaPolla, he cashed in from both hands. In today’s time, there is hardly any business performing better in spray foam insulation and technology market than LaPolla. He also said that he would try his best to keep rolling the ball and contribute in LaPolla’s growth over the coming months.
