If there is one stock that is likely going to be on the radars of most investors this morning then it is the AB International Group Corp (OTCMKTS:ABQQ) stock. The stock was in considerable focus yesterday and ended the day with gains of as much as 116% amidst heavy interest.
Trading Data
On Tuesday, ABQQ stock increased 116.22% to $0.0080 with more than 141.94 million shares traded, compared to volume of 8.46 million shares. The stock moved within a range of $0.0036 – 0.0085 after opening trading at $0.0036.
AB INTL GROUP Announces Signs Master License Agreement with Universal Studios
The company is involved in the movie investment, movie licensing and intellectual property industries. Yesterday, AB International Group was in the news after it announced that it had inked a Master License Agreement with Universal Film, which is a united of Universal Studios.
The agreement in question is with regards to the theatrical exhibition of motion pictures and other related content made by Universal. It was also noted that Universal may choose to distribute the content through a wide range of mediums starting from film print, digital cinema package, wireless or DVDs among others.
The distribution of the content is going to be managed by a unit of AB International Group named AB Cinemas NY Inc. The announcement was a significant one since the company signed up a major contract with a unit of a behemoth of the studio business like Universal Pictures. It remains to be seen if the stock add to its gains today.
Technical Data
ABQQ stock is trading above the 20-Day and 50-Day Moving averages of $0.0045 and $0.0057 respectively. However, the stock is trading above the 200-Day moving average of $0.0131. The company has a total market capitalization of $2.90 million.
