It was not too long ago that the Trans Global Group (OTCMKTS:TGGI) stock had suffered from a strong selloff but on Tuesday the stock managed to make a recovery and ended the day with gains of as much as 23%.
While the recover from the stock may bring it on to the radars of many investors, it is perhaps also necessary to point out at the same time that there was no news yesterday regarding Trans Global that could have triggered this rally. In the absence of any news at all, it is often difficult for investors to make sense of a move.
However, in this situation, it is perhaps a wise move to look into the past and then make up one’s mind about a company. In case of Trans Global, it is possibly important for investors to keep in mind that some time ago the company had actually made an announcement with regards to the introduction of a new product.
While that in itself was an important announcement, it is necessary to note that at the same time Trans Global had also noted that it was not going to go for a reverse split of its common stock.