Significant moves in stock prices without any news about the underlying companies may seem like a strange state of affairs to many investors but it should be noted that it is not an uncommon phenomenon. One of the stocks to have made such a move on Monday was that of SutimCo Inc (OTCMKTS:SUTI).
The SutimCo stock attracted the attention of investors in a big way and ended the day with gains of as much as 70%. While the gains are expected to bring the stock to the attention of many investors, it should be noted that the last time any news emerged about the company was in December last year.
At the time the company provided an update with regards to its new business plan and also the master development program for the year 2021 as well as 2021. The company is involved in tackling online identify theft, which is something that has grown at an alarming pace over the past few years.
SutimCo announced at the time that it had been successful in acquiring technology that could work as a game changer with regards to the problem. However, at this point, it might be a good move for investors to tread a bit carefully when it comes to the SutimCo stock.
