Sometimes stocks can go on such a remarkable rally despite the lack of any news; it becomes quite difficult for investors to ignore the stock.
A case in point is the OncBioMune Pharmaceuticals Inc (OTCMKTS:OBMP)stock. There was no news about the company last week and in fact, there has been no news for more than a year. However, the OncBioMune Pharmaceuticals Incstock emerged as a massive gainer on Friday and ended up with gains of as much as 168%. Many might feel that the rally is speculative in nature but it remains to be seen if the stock can sustains its gains this week or not.
In this situation, investors could take a look at the announcement from the company in September of 2020. At the time the molecular profiling company announced that it had been successful in its corporate name changed that it had announced previously.
As of September 24, 2020, the name change went into effect as the company changed its name from OncBioMune Pharmaceuticals Inc to OncBioMune Pharmaceuticals Inc. There has been no news about the company since and it could also be argued that the name change is unlikely to be the reason behind the rally in the company.
