Powell Max Limited (PMAX) Soars After Ownership Shake‑Up – Stock Forecast & Analysis for December 3, 2025
Powell Max Limited (PMAX) surged as much as 70% in U.S. pre-market trading on December 3, 2025, after a Form 6-K filing revealed a change in its controlling shareholder, Bliss On Limited. The stock traded in the mid-$3 range on nearly 2 million shares, up from Tuesday’s $2.25–$2.27 close. PMAX remains down over 90% from its 52-week high despite the spike.