There were many stocks which managed to clock gains yesterday despite the uncertainty in the markets and one of those was the TPT Global Tech Inc (OTCMKTS:TPTW) stock. The stock had come into considerable focus yesterday following a key announcement from the company and ended up with gains of as much as 8%.
Trading Data
On Wednesday, TPTW stock gained 8% to $0.0081 with 1.47 million shares, compared to its average volume of 3.70 million shares. The stock moved within a range of $0.0073 – 0.0084 after opening trade at $0.0075.
TPT Global Tech Chairman & CEO Stephen J. Thomas III to Address The World Conference of Mayors Board
In this situation, it should be noted that on Wednesday the company announced that its Chief Executive Officer and Chairman will make an address at The World Conference of Mayors Board of Directors that is going to be held on March 4, 2022. The event is going to be held from 1 pm to 3 pm at Tuskegee in the state of Alabama.
An address of that nature from the CEO can often prove to be a big boost for any company and that was possibly the reason why the stock jumped handsomely on Wednesday. The conference had been established back in 1984 and is regarded as non for profit and non-political global conference for Mayors. It may be a good idea for investors to keep an eye on the events from Friday and watch out for any moves in the stock.
Key Quote
“I am honored and proud to have been selected as a keynote speaker to address such an array of leaders from around the country and the world,” said Stephen Thomas, Chairman & CEO of TPT Global Tech. “Our communications technologies, medical testing and reporting systems, and software, and other aspects and offerings of TPT align well with the needs and desires of this organization. I intend to provide an overview of our strategic offerings that I hope each and every attendee can see as a benefit to the communities they are connected to.”
Traders Corner
TPTW stock is trading below the 20-Day and 50-Day Moving averages of $0.0099 and $0.0114 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0165.
