In the past week, the CybernetikTechnologies Ltd (OTCMKTS: HPIL) stock has been one of the more popular stocks among investors and that become apparent from the price action in the stock. During the past week, the stock has rallied steadily and gone up by as much as 20%.
While the rally in the stock may be quite eye catching, it is also necessary to point out that there has been no news about the company over the past week either. In this situation it might be a good idea to perhaps take a look at a major announcement from its business division NFT Procurement back on July 20.
At the time, NFT Procurement announced that the first NFT (non-fungible token) auction was going to be launched by the company on August 10, 2021. NFTs have become a hugely lucrative space for a number of companies and the decision from Cybernetic to cash in on the trend may have come as a positive trigger for investors.
The first three auctions that are going to be launched by NFT Procurement are nftjanisjoplin.com, nftspicegirls.com and nftmarilynmonroe.com. As the day of the first auction approaches, it might be the right time to keep the Cybernetic stock in the watch lists.