Geometry Dash APK Hill Climb Racing APK
71 F
New York
Sunday, September 26, 2021

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

Must read

VIVO Cannabis Inc (OTCMKTS:VVCIF) Stock Turns Volatile: Uptrend in Jeopardy

Anyone watching the market knows the cannabis sector has been booming again. Since the start of the year, the cannabis sector has...

Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Attempts To Recover After The Recent Move

Among the many sectors that have made a comeback in the stock markets this year, the comeback made by the cannabis sector...

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Looks RAD: Extends Rally

The artificial intelligence space has grown at a highly impressive rate over the past few years and nowadays, investors are increasingly looking...

Tesoro Enterprises, Inc. (OTCMKTS:TSNP) In Focus: Continues to Hit New Highs

If you are looking for stocks that have managed to record significant gains over the past couple of months or so then...

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 www.UniversalWellnessHC.com 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

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...

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.

Dark Pulse Inc (OTCMKTS:DPLS) Stock Moves in a Range After The Big Rally

The laser sensing system company Dark Pulse Inc (OTCMKTS:DPLS) has emerged as one of the major gainers over the course of the...

Halberd Corporation (OTCMKTS:HALB) Stock Doubles After ‘Proof of Concept’ News

Investors are always on the lookout for stocks which managed to record handsome gains over a short of period of time and...
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