Although the company made a major new announcement yesterday it did not lead to any boost for the TPT Global Tech Inc (OTCMKTS:TPTW) stock as it suffered from a strong selloff and ended the day with a decline of as much as 20%. It may now be a good idea for investors to figure out if the stock can make a recovery or if it is going to continue to slide.
On Monday, TPTW stock slid 19.77% to $0.0069 with more than 36.02 million shares, compared to its average volume of 18.32 million shares. The stock moved within a range of $0.0064 – 0.0088 after opening trade at $0.0088.
TPT GLOBAL TECH subsidiary Blue Collar Productions Continues Growth in Entertainment Marketing and Content Creation as year ends
Yesterday, the company made a major new announcement with regards to its subsidiary unit Blue Collar Productions and noted that it had experienced meaningful growth. TPT Global announced that Blue Collar has worked in projects for the Walt Disney Company and that included services like Hulu and Disney+.
In addition to that, the fact that the subsidiary also worked with big ticket entities like Warner Brothers, Apple+, ViacomCBS and Netflix also contributed towards its growth. On the other hand, Blue Collar has also managed to make considerable progress in the field of unscripted content through the launch of as many as three different documentary series.
The Chief Executive Officer of Blue Collar, Mark Rowen noted that he was optimistic about the growth of the company as the year 2022 came to a close.
TPTW stock is trading above the 20-Day and 50-Day Moving averages of $0.0044 and $0.0030 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0064.