Cinedigm (CIDM) Extends Rally: Up 175% So Far in 2021

Television content and film producing company Cinedigm Corp (NASDAQ: CIDM) has come into considerable focus among investors in recent times.

On Tuesday, the stock jumped by as high as 19% and that might have been triggered by the fact that Cinedigm is looking to move into the booming non-fungible tokens space. However, at the same time, it is also necessary to point out that the Cinedigm stock has been a major gainer in 2021 and has recorded gains of as big as 175% so far.

Related:  Why Genius Brands (GNUS) Stock Has Seen Roller Coaster Ride in a Year

The stock had been on an upward curve due to feverish speculation about the possibility of Cinedigm moving into the non-fungible tokens space. It is easy to see why investors are excited about the company’s move. In recent times, non-fungible tokens for creative work have commanded massive prices, and earlier in March, one non-fungible token was sold for as huge as $69 million. At this point, it might be a good idea for investors to keep the Cinedigm stock on their watch lists.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.