Geometry Dash APK Hill Climb Racing APK
73.1 F
New York
Thursday, October 6, 2022

Sun Pacific Holding Corp (OTCMKTS:SNPW) Stock Rockets and Crashes. What’s Next?

Must read

Is Tilray Inc (NASDAQ:TLRY) Stock a Good Buy After The Recent Fall?

The cannabis sector may have had a hard time not too long ago but over the course of the past months, the...

Sysorex Inc (OTCMKTS:SYSX) Stock Still Riding Big News

Investors are always drawn to stocks that make a big jump out of nowhere. So it's no surprise that Sysorex Inc (OTCMKTS:SYSX)...

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Sometimes certain stocks move in a big way without any development or news and although it remains a mystery for investors, it might still be worthwhile to have a look at the company. Clues might be found in the past.

One of the stocks that made such a massive move last week was that of Sun Pacific Holding Corp (OTCMKTS:SNPW).

Major News

Sun Pacific Holding Corp (OTCMKTS:SNPW) stock soared by as much as 400% over the course of the previous week but there was no news regarding the company, and now SNPW is crashing back to earth.

Considering the gains made by the company, it is likely that more and more investors are going to have a close eye on SNPW stock in the coming days.

In this regard, it is necessary to go back to a development that took place back in October last year. Back on October 5, 2020, the company announced that its fully owned subsidiary Street Smart Outdoor Corp (SSOC) signed a five year agreement with the Township of Howell New Jersey.

The agreement is with regards to outdoor advertising that is going to go up on street furniture. The outdoor advertising industry has grown at a pretty impressive pace and back in 2019, the total spend on such advertising stood at as much as $39.42 billion globally.

That being said, it is also important to keep in mind that the figure is actually expected to come down and drop of $37.1 billion due to the coronavirus pandemic.

Sun Pacific has however stated that it seeks to benefit from the continued rise in advertising growth in the years to come.

The company is currently trying to expand its presence at a national level and hence, tying up deals with national advertisers could prove to be the way to go in that regard. It seems Street Smart Outdoor Corp is going to be a big part of the company’s growth strategy.

Disclaimer We hold no position in SNPW stock.  

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.
SmsVerifyer.com Affordable best sms verification service