One of the more intriguing moves in the market was seen last weeks with regards to the price action in the Vortex Brands Co (OTCMKTS:VTXB) stock. The Vortex stock was in the middle of a rollicking rally last Friday and ended the day with gains of as much as 190% amidst heavy trading volume as well.
While the gains made by the stock are remarkable, investors need to be aware of the fact that there was no news about the company last week that could have led to these gains. As a matter of fact, there has been no news about the company for almost two years.
In this situation, it might be a good move to take a look at the development from November 2019 to get an idea about the situation at Vortex. The company announced at the time that after it received funding it managed to complete the first phase of the PAS or Phase Angle Synchronization system.
It was a significant development for Vortex at the time. However, it is highly unlikely that investors piled on to the stock last week owing to the development from back in November 2019.
