Why QMMM Holdings Stock Skyrocketed This Week (but Is Already Dropping Back, Too)

As of 11:11 a.m. on Sept. 11, shares of QMMM Holdings (NASDAQ: QMMM) have gained 1,070% since Friday's closing bell, according to data from S&P Global Market Intelligence. That's not a typo; earlier this morning, the stock was up by an even more absurd 1,377%. And the real pop was earlier this week, maxing out at a staggering 3,816% gain from Friday's closing to Tuesday's peak.The digital media company, getting its name from the initials of its flagship subsidiaries Quantum Matrix and ManyMany Creations, is taking a sharp turn right now. In addition to its online marketing services and digital avatar apparel, the company is adding cryptocurrencies to its balance sheet and crypto-related services to its product portfolio. That announcement was the catalyst for this week's big price move.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool