CPOP shares surge 322% on revenue spike, bitcoin losses temper gains
Pop Culture Group Co., Ltd. was one of the Nasdaq’s most active movers Wednesday after the Chinese entertainment firm posted unaudited half-year numbers with a big jump in revenue and operating income. CPOP shot up 322.22% to finish at $1.52, up from $0.36. Traders piled into the microcap off digital entertainment momentum. The shares swung sharply. According to StockAnalysis, they opened at $0.51, hit $2.55, and saw 287,964,948 shares traded during regular hours. In early Thursday pre-market action, the stock was quoted at $1.62, up 6.58%, as of 4:55 a.m. EDT. Pre-market trading on the Nasdaq starts before the main session and tends to be more volatile for small stocks.