Influencer powered social media and digital talent management company Clubhouse Media Group Inc (OTCMKTS:CMGR) was on the radars of investors on Tuesday and the company’s stock ended up with gains of as much as 4% as a consequence.
Trading Data
On Tuesday, CMGR stock gained 4.13% to $0.2447 with more than 172k shares, compared to its average volume of 130k shares. The stock has moved within a range of $0.2367 – 0.2796 after opening trade at $0.2450.
Clubhouse Media Group, Inc. Announces Double Earnings Offer On HoneyDrip.com
The stock jumped after the company made a key announcement yesterday. Clubhouse announced yesterday that it was going to boost the revenues generated from the HoneyDrip.com platform by as much as 100%. The platform in question was created not too long ago and is meant for generating earnings for creators. Ever since the platform had been launched by Clubhouse Media Group, HoneyDrip.com has managed to become quite popular among creators.
The platform is designed in such a way so that it can bring about meaningful empowerment for creators. The HopeyDrop.com platform allows creators to sell their creations, mainly videos and photos, directly to fans. In addition to that, the platform also allows creators to chat with fans. The latest announcement from the company is something that indicates that the platform is growing rapidly and hence, it remains to be seen if the Clubhouse stock manages to attract more investors over the course of the coming days or not.
Technical Data
CMGR stock is trading below the 20-Day and 40-Day Moving averages of $0.55 and $1.06 respectively. Moreover, the stock is trading below the 200-Day moving average of $5.15. The stock is down 78% in the past month.
