Investors who may be looking into the major gainers in the stock market in the past week must have come across the Worlds Inc (OTCMKTS:WDDD) stock. It has clocked considerable gains in recent times and the rally continued yesterday as it ended the day with gains of as much as 39%. That took the gains made by the company in the past week to as much as 65%.
Trading Data
On Thursday, WDDD stock soared 39% to $0.0347 with more than 701K shares, compared to its average volume of 286K shares. The stock moved within a range of $0.0232 – 0.0466 after opening trading at $0.0232
Worlds Inc. Leveraging Legacy in Virtual Reality & Gaming to Develop Technologies to Power Tomorrow’s Metaverses
The company is best known for having collaborated on producing Bowie World, a celebrity metaverse for David Bowie. In addition to that, the company also developed online gaming technologies in 3D interactive forms which are used by millions of people in some of the more popular games.
Yesterday, the Worlds Inc stock rallied hard after the company announced that it was now focussed on the development of technologies that will help in powering the immersive worlds of the future.
In other words, the company is now going to get into the potentially lucrative Metaverse space in a big way and that may have resulted in considerable excitement among investors. It may be a good idea for investors to perhaps add the stock to their watch lists at this point.
Key Quote
“Worlds is now entering the third iteration of the metaverse – one where augmented reality (AR), cryptocurrencies, blockchain, and non-fungible tokens (NFTs) have emerged as disruptive forces reshaping areas as diverse as music, gaming, sports, fine art collecting, and shopping,” stated Thom Kidrin, CEO of Worlds Inc. “Today, Worlds has expanded its framework to strategically leverage NFTs and cryptocurrency to monetize digital assets, as well as interweave cryptocurrency and NFTs with new virtual reality (VR) and AR technologies in innovative ways to further enhance entertainment, business, education and many other aspects of our lives.”
Technical Data
WDDD stock is trading below the 20-Day and 50-Day Moving averages of $0.0375 and $0.0625 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0662.
