One of the stocks to have emerged as a major gainer this week so far is that of Trans Global Group Inc (OTCMKTS:TGGI) and the trend continued on Thursday as investors continued to flock to the stock.
The stock ended the day with gains of as much as 18% and it is likely to be come into focus among many investors today as well. Despite the handsome gains clocked by the stock this week so far, it cannot be ignored that there has been no news about the company at all and to many, the rally might in fact appear entirely speculative in nature.
As it happens, the last news to have emerged in relation to the company was last year in March when Trans Global made an announcement with regards to the products it was going to introduce. At the same time, the company also stated that it had no plans of going for a reverse stock split.
The news about the reverse stock split was an important one since most investors are wary of such moves since they bring down the value of their holdings. However, it is unlikely that the more than a year old announcement had any bearing on the latest rally.
