Color Star Technology Co (NASDAQ:CSCW) Stock Jumps 17% in a Week: What Next?

Global entertainment technology company Color Star Technology Co (NASDAQ:CSCW) has seen its stock move quite strongly over the course of the past week and in light of the 17% gain during the period, it might be a good time to take a closer look into it.

Market Reaction:

On Monday, CSCW stock ended up by 2.78% at $0.6057 with more than 19.53 million shares, compared to its average volume of 3.48 million shares. The stock has moved within a range of $0.5730 – 0.6570 after opening the trade at $0.6377.

Engages International Firm to Assist with Real Estate-Related Cultural Tourism

The stock was in the news yesterday after it made a key announcement with regards to its fully owned subsidiary company Color China. It was announced that Color China signed an agreement with Coldwell Banker UAE with regards to real estate related tourism.

It has been suggested that Coldwell Banker’s considerable strength in the global real estate industry is going to be help Color China in securing venues that could be used for cultural tourism around real estate. Coldwell Banker boasts of a highly mature operation in the UAE, United States and Europe.

Hence, this particular agreement could prove to be fruitful for Color China and by extension for Color Star Technology. Once the agreement is completed, Color Star is going to delegate the function of selecting venues for cultural tourism to Coldwell Banker. It now remains to be seen if the Color Star Technology stock can continue to hold on to its momentum this morning.