Let This Iced Tea Company Be a Warning to Hasty Blockchain Investors [Fortune]
LONG BLOCKCHAIN CORP COMMON (LBCC)
US:NASDAQ Investor Relations:
investors.longislandicedtea.com
Company Research
Source: Fortune
The crypto craze has caused more than a few companies that nothing to do with the virtual currency to pivot. And now at least one might be sobering up. Well, sort of. Late last year, Long Island Iced Tea Corp.—whose business has been selling non-alcoholic beverages—saw its shares rise six-fold after rebranding itself Long Blockchain Corp . The company said at the time that it planned to partner or invest in companies that develop the decentralized ledgers known as blockchain, the technology that underpins Bitcoin. It reserved the web domain name http://www.longblockchain.com and although it planned to still operate a ready-to-drink beverage subsidiary, the company also said it would buy up to 1,000 Bitcoin mining machines. Because mixing beverages and blockchain is such an obvious cocktail. But now, just six weeks after making its announcement, Long Blockchain Corp. has decided not to purchase the 1,000 mining rigs, according to document filed with Securities a
Show less
Read more
Impact Snapshot
Event Time:
LBCC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LBCC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LBCC alerts
High impacting LONG BLOCKCHAIN CORP COMMON news events
Weekly update
A roundup of the hottest topics