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Stock impact report

SEC Halts Trading in Firm That Rose 959% on Crypto Plan [Yahoo! Finance]

QMMM Holdings Limited - Class A Ordinary Shares (QMMM) 
Company Research Source: Yahoo! Finance
(Bloomberg) -- The US Securities and Exchange Commission suspended trading in QMMM Holdings Ltd. after its shares surged almost 1,000% in less than three weeks, saying the digital media advertising firm's stock may have been manipulated by touts on social media. QMMM's stock has surged 959% since before the company said earlier this month that it was establishing a “diversified cryptocurrency treasury” that would initially reach $100 million and target Bitcoin, Ethereum and Solana. Most Read from Bloomberg Why US Cities Pay Too Much for Transit Buses For Lovers of Brick, Chicago Is a Wonderland After the Pandemic ‘Reset Button,' Downtowns Reinvent Themselves A Showdown Over Speed and Safety, Italian-Style Trump Housing Agency Removes Lawyers Who Filed Whistleblower Report In its Sept. 9 release, QMMM also said it was announcing its “strategic entry into the cryptocurrency sector,” citing the use of artificial intelligence and blockchain technology. Recommendations o Show less Read more
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