Volatility can be a boon or a curse depending on how things work out for traders and one of the stocks that displayed considerable volatility on Thursday was the ATWEC Technologies (OTC: ATWT) stock.
Following an announcement from the company yesterday, the stock had rallied strongly and gone up by as high as 45%. However, things changed dramatically later on and the AWTEC stock closed with declines of 15.50%. The initial rally in the stock had been triggered after the child safety technology company announced that it signed a major contract. As per the terms of the contract, AWTEC is going to supply 95,000 units of its products for a payout totaling $22,477,036.88.
However, that is not all. AWTEC also stands to earn a process setup fee to the tune of $3 million. In the press release, AWTEC added that it is expecting to get similar opportunities over the course of the coming months. The stock may have been volatile yesterday but it could still be worth tracking AWTEC today.