If you are currently looking into stocks which may have performed strongly in recent days then it might be a good move to perhaps take a look at the OLB Group (NASDAQ:OLB) stock. The stock was in sharp focus among investors on Wednesday and ended the day with gains of as much as 15% as a consequence.
Trading Data
On Wednesday, OLB stock soared 15.34% to close at $2.18 with more than 80.93 million shares traded, compared to its average volume of 896K shares. The stock has moved within a range of $2.0800 – 2.5700 after opening trading at $2.49.
Major News
That took the gains made by the stock over the course of the past week to as much as 25%. The crypto mining and e-commerce stock saw its stock making a big move yesterday after the company came up with a key update.
OLD Group announced yesterday that the volume run rate of merchant services annual transaction had hit as much as $1.35 billion in terms of transaction volume. In addition to that, the company also noted that the spike in transaction volumes had mainly been brought about through 28.5 million transactions that had taken place.
Such a high volume of transactions was certainly welcome news for many and that was almost certainly the reason behind the rapid rally in the stock on Wednesday. At this point in time, it could be a good idea for investors to keep the OLB Group stock on their radars.
Technical Data
OLB stock is trading below the 50-Day and 200-Day Moving averages of $3.01 and $4.60 respectively. However, the stock is trading above the 20-Day moving average of $2.10.
