This morning many investors are likely to keep a close watch on the PBS Holding Inc (OTCMKTS:PBHG) stock, considering the fact that this past Friday it had emerged as a notable gainer and clocked gains of as much as 30%.
Although the gains made by the stock are notable, it is also necessary to note that there was no specific news about the company that could have led to such a rally. As it happens, the last time any news emerged about PBS Holding was in June last year. At the time, the company announced the follow up to its business development plants over several phases.
In addition, PBS also made an announcement with regards to some of the milestones for the roll out in the third quarter of last year. While the announcements made by the company at that time were important, it is also necessary for investors to remember that it is quite unlikely that the announcement from June 2020 had any bearing on the rally in the stock this past Friday.
In this sort of situation, it might be a good idea for investors to treat a bit carefully and keep an eye on any news regarding PBS.
