Market Reaction:
On Wednesday, CWRK stock jumped 42.77% at $0.4500 with more than 608.91K shares, compared to its average volume of 221.56K shares. The stock has moved within a range of $0.3121 – 0.4500 after opening the trade at $0.3200.
Blockchain technology has slowly but surely become one of the more sought after technologies in the world and the industry has grown at an impressive clip. Investors who might be interested in stocks of companies in the sector could look into the CurrencyWorks Inc (OTCMKTS:CWRK) stock today.
Recent News
The company, which is best known for providing full service blockchain platform solutions, saw its stock soar by as much as 42% on Wednesday after it made a major announcement. CurrencyWorks announced yesterday that its NFT (non-fungible token) platform named VUELE will be hosting the welcome party related to the Austin Film Festival.
The festival is going to be held from October 21 to October 28 this year. The announcement from CurrencyWorks seems to have come as a major source of optimism for many investors and that was possibly the reason behind the remarkable rally in the stock yesterday. Austin Film Festival has been one of the better known film festivals and is currently in its 28th year.
Hence, the hosting of the welcome party is a significant development for CurrencyWorks. It might now be a good idea to track the stock a bit more closely and keep track with the latest developments.
Traders Note:
CWRK stock is trading above 20-Day moving average of $0.38. However, the stock is trading below 50-Day and 200-Day moving averages of $0.49 and $1.13 respectively The stock is up 152% in the past month and 5% so far this year.
