Pop Culture Group Co., Ltd.(NASDAQ:CPOP) shares climbed 14.12% to $5.90 in pre-market session on Thursday.
On Wednesday, the stock of the Chinese <a href="https://comicvibe.com/mumbai-movie-nights-could-get-costlier-as-bmc-proposes-570-per-cent-entertainment-tax-hike/” title=”Mumbai movie nights could get costlier as BMC proposes 570 per cent entertainment tax hike”>entertainment and media company jumped 9.77% to close at $5.17
Share Sale
The stock move follows Pop Culture’s Tuesday Securities and Exchange Commission filing disclosing a new share purchase agreement to sell up to 665,000 Class A ordinary shares to investor Shaorong Zheng at $3.00 per share. The total amount of the transaction is $1.99 million.
The sale falls under Pop Culture’s existing shelf registration, which the SEC declared effective Feb. 9.
According to the SEC filing, the offering is self-underwritten and being sold on a “best efforts” basis. Under the agreement, the investor can pay or another cryptocurrency acceptable to the company
Trading Metrics, Technical Analysis
Pop Culture has a market capitalization of $5.21 million, a 52-week high of $390 and a 52-week low of $$3.06. The company has approximately 938,000 shares outstanding.
The Relative Strength Index (RSI) of CPOP stands at 81.09.
The small-cap stock has fallen 97.55% over the past 12 months.
Benzinga’s Edge Stock Rankings indicate Pop Culture stock has a negative price trend across all time frames.
Disclaimer:This content was partially produced with the help of AI tools and was reviewed and
Market News and Data brought to you by Benzinga APIs
To add Benzinga News as your preferred
2 Comments
Pingback: 'Identity is who we are': Nhlanhla Kunene on his Zulu roots, Heritage Day and preserving culture in the modern age - Comic Vibe
Pingback: Hispanic Heritage Festival offers full day of celebration in Elkhart - Comic Vibe