Clubhouse Media Group Inc (OTCMKTS:CMGR) Stock Rallies 24%: Here is Why

Influencer based social media platform and digital talent agency operator Clubhouse Media Group Inc (OTCMKTS:CMGR) was one of the companies that had come into focus among investors in a big way on Wednesday and ended up with gains of as much as 24%.

Trading Data

On Wednesday, CMGR stock soared 24% to $0.0495 with more than 1.29 million shares, compared to its average volume of 804k shares. The stock moved within a range of $0.0285 – 0.0538 after opening trade at $0.0420.

Clubhouse Media Group, Inc. Announces Fashion Model Yuliya Lasmovich Joins

The stock actually rallied yesterday after the company announced that well-known social media influencer and fashion model YuliyaLasmovich joined the HoneyDrip.Com platform that is operated by Clubhouse. It was a significant development for Clubhouse and it seems that the investors thought as much considering the sort of rally that was enjoyed by the stock yesterday.

In this context, it is also important to point out that HoneyDrip.Com is one of the new platforms to have been established by the company and it is focussed on providing empowerment to creators. The platform helps creators and influencers to get connected to their fans directly and sell their content. The content could both be video or photographs. The addition of a well-known influencer is a feather in the cap for the company and it now remains to be seen if more such influencers join the platform in the coming days.

Key Quote

“Yuliya is stunning” said Kayla Bailey, General Manager of “We are very fortunate to have her join the team of creators at Her reputation precedes herself in the world of modeling. Onboarding someone with her stature gives me great confidence in the future growth of the site.”

Traders Corner

CMGR stock is trading above the 20-Day and 50-Day Moving averages of $0.0516 and $0.1009 respectively. However, the stock is trading below the 200-Day moving average of $2.10.