Shutterstock celebrated the success of selling more than a billion of royalty free images, videos and music tracks across of its media library. As a premier international technology company providing a creative program for high-quality assets, tools and services, the company’s portfolio now provides beyond 170 million commercial images, 40 million editorial images and 9 million video clips all available for download.
The tech company records and files 5.5 licensed images every second. These media materials are openly directed to its website in the process. Additionally, these resources will also be directed through various innovative API integrations with Facebook, Google and Microsoft, to cite some examples.
"Shutterstock's continued commitment to developing innovative technology, offering an unparalleled customer experience and providing high-quality content to customers globally has led to unique partnerships providing access to customers directly from the tools they use most often," CEO and Founder of Shutterstock Jon Oringer told reports.
Shutterstock office in Manhattan. Shutterstock, founded in 2003 by Jon Oringer, is a stock photography, stock footage and stock music provider headquartered in New York City.
Shutterstock has been strengthening businesses such as media and advertising agencies, marketing institutions and production houses globally by the use of its e-commerce and enterprise offerings. The company also empowers its customer experience by impeccably incorporating its services into the workflow of its clients in whatever nature possible.
"Reaching 1 billion licenses signifies the prominent role visual communications plays in media, advertising and film every day. I look forward to the next decade of technology advancements embedding Shutterstock everywhere, while continuing to enhance our creative platform helping customers best create and communicate their story." Oringer added.
Shutterstock began the second month of the year with a series of bearish downtrends. In a much recent analysis, the stock opened at 43.07 and had its close at its low of 43.01 with a high of 44.34. This is a -1.69% decline if to compare from the previous trades.
At the time of writing, the company’s premarket data is currently up by 0.05 points to 0.12% respectively.
Shutterstock is currently nearing the 20’s region of its Relative Strength Index. If it is to continue its current bearish trend, the stock may be marked as oversold. It is currently at 40.52 at the time being.
Lastly, the Coppock curve of the media company also mirrored the performances above. It is currently trending downwards with a recent indication at 2.70. This may recommend a buy for the stock but with the downtrend, a hold on buy would be much advised.
FSM News is a daily updated news website about the happenings in the stock market, financial realms and the world economy. Subscribe to further educate yourself about the field that you are to partake in. FSM News is here for you.