Geometry Dash APK Hill Climb Racing APK
33.8 F
New York
Friday, January 27, 2023

American Diversified Holdings Corp (OTCMKTS:ADHC) Nears Critical Level

Must read

Net Savings Link Inc (OTCMKTS:NSAV) Goes Parabolic Ahead of Important Event

As far as cryptocurrency and blockchain companies are concerned, there are many options nowadays for investors to explore.

Reconnaissance Energy Africa Ltd (OTCMKTS:RECAF) Gathers Further Momentum

If you are currently looking for stocks that may have recorded massive gains within a short period of time, then it might...

Humbl Inc (OTCMKTS:TSNPD) Bounces Back and Lands On The Radar

Over the course of the past months, Humbl Inc (OTCMKTS:TSNPD) stock has managed to record massive gains and much of that has...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

When a stock records significant gains and then crashes and repeats over the course of a few months, then it might be a good idea for investors to start taking note of it and track its swings.

American Diversified Holdings Corp (OTCMKTS:ADHC), which has seen its stock rally by as much as 200% over the course of the past 4 months and crash back just as fast.

Major Triggers

A major trigger for the rally in the stock came about earlier this year when the company announced that its subsidiary Universal Crypto Holding will be spun off into a new publicly listed company altogether.

Universal Crypto is Universal Wellness’ cryptocurrency arm and at this point, the management of the company is consulting with its legal advisors regarding the acquisition of $20 million worth of Bitcoin.

Once that transaction is completed, the company hopes to spin off Universal Crypto into a separate business. Investors who already hold shares in Universal Wellness are going to get shares in the new company in the form of a shareholder dividend. It is believed that this whole operation is going to be completed at the end of the company’s fiscal year on July 31, 2021.

Cryptocurrencies are generally regarded as a different class of asset altogether and hence, the creation of a new company is expected to help the company in managing its crypto portfolio better.

While the latest news might have come as a boost for the stock, it is also necessary to point out that earlier this month, Universal Wellness had made another important announcement. On April 7, the company’s newly established e-commerce platform was launched.

The company had created the website in partnership with Pharmstrong. It has also been pointed out that the two companies also signed a profit-sharing agreement.

Pharmstrong is primarily going to be in charge of fulfilling the orders in this e-commerce venture between the two companies. Investors could keep the Universal Wellness stock in their watch lists at this point.

Disclaimer: We hold no shares of ADHC shares.

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