Geometry Dash APK Hill Climb Racing APK
67.3 F
New York
Saturday, August 13, 2022

World Series of Golf, Inc. (OTCMKTS:WSGF) Rockets on High Volume: Now What?

Must read

Biggest Stock Market Crashes of All Time

Aside from the COVID-19 outbreak that is likely to mark the entire 2020 decade, the year of 2020 has also witnessed the...

Vertiv Holdings Co. (NYSE:VRT) on the Path to Profitability

The Vertiv Holdings Co. (VRT) shares are trading at higher $13.83 and the avg recommendation for the stock is Moderate Buy. The current analyst...

Paychex Inc. (NASDAQ:PAYX) on the Path to Ruin

The Paychex Inc. (PAYX) shares are trading at lower $73.94 and the avg recommendation for the stock is Moderate Buy. The current analyst price...

Harvest Health & Recreation Inc (OTCMKTS:HRVSF) Expands the Brain Trust

One should note that Harvest Health & Recreation Inc (OTCMKTS:HRVSF) just announced the appointment of Deborah Keeley as Chief Financial Officer, effective...

Many stocks have recorded substantial gains in the market this week so far, but one of the notable gainers has been World Series of Golf, Inc. (OTCMKTS:WSGF). After the company made a major announcement on Tuesday, the stock surged impressively and managed to record gains of as much as 440%.

Major Drivers

World Series of Golf, Inc. (OTCMKTS:WSGF) announced on Tuesday that it completed the acquisition of Vaycaychella and seeks to take its business operations in a new direction altogether.

Vaycaychella is a relatively new company, having been established in 2017 and is involved in the vacation rental space. Specifically, the company is involved in connecting investors with short term vacation rental owners through a peer to peer lending platform.

According to the announcement made by WSG, this is a sector that could grow substantially in the coming years. Industry leader Airbnb has grown at a breakneck pace and is all set to have an IPO that will value the company at $30 billion.

Chairman and CEO

Hence, it is easy to see why the acquisition of Vaycaychella has created such optimism around the WSG stock. After the completion of the acquisition, William Justice, a managing director at Vaycaychella, has been installed as the Chairman and Chief Executive Officer of WSG.

In addition to the potential of the peer to peer lending business for short term vacation rental owners, the real reason behind the massive rally in the WSG stock seems to be about the changing direction of the company. The company has been working on such a plan for a considerable period of time and the acquisition marks the completion of the whole process.

The rally in the stock is likely going to bring the WSG stock into focus among investors and market watchers throughout the rest of the week. In such a situation, it could be a good idea on the part of investors to keep an eye on it in the near-term.

Latest article

Alibaba Group Holding Limited (OTCMKTS:BABAF) Big Volume with Possible 60% Upside

Alibaba Group Holding Limited (OTCMKTS:  BABAF) is an over the counter stock traded on the OTC Pink markets in the Consumer Discretionary...

Trans Global Group Inc (OTCMKTS:TGGI) Stock In Focus After Operational Updates

The Trans Global Group Inc (OTCMKTS:TGGI) stock may not have been in the news today yet but it...

Why Hycroft Mining (NASDAQ:HYMC) Stock Shot Up 700%

If you are on the hunt for stocks that may have made major gains over the course of the past week, then...

Secure Paymentz releases banking software demo on Github

This is a paid announcement from one of our advertising partners. How to Leverage Your Trading Position by Secure...

Advanced Asset Management Announces New Website Launch

This is a paid announcement from one of our advertising partners. Financial Planner in Grandville, Michigan
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service