Changing the name wasn’t enough. It took a change in the ticker symbol to generate investor interest in BTC Digital Ltd.’s stock, which doubled on heavy volume on Friday.
The stock BTCT, +74.88% rocketed 100% in midday trading, paring an earlier premarket gain of as much as 393%. Trading volume ballooned to 6.1 million shares, compared with the full-day average over the past 30 days of about 57,400 shares. “The company’s management believes that ‘BTC Digital Ltd.’ better reflects the company’s current business operations,” the company said in a statement.
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Source: MarketWatch - 🏆 3. / 97 Read more »