Cinedigm (CIDM) Extends The Fall After Forming Multiple Tops

The past year has been a good time for video streaming companies, owing to the higher demand for on-demand entertainment in the midst of the coronavirus pandemic.

One company that has gone a bit under the radar in this period is Cinedigm Corp (NASDAQ: CIDM), which is primarily involved in the content streaming business. Recently, the stock came into sharp focus among investors after it emerged that the company is looking to get into the non-fungible token space.

On the other hand, it is also necessary for investors to keep in mind that Cinedigm had also been the target of investors from Reddit. However, at the same time, Cinedigm is not like most of the other ‘Reddit stocks’  and investment in the stock is not necessarily a case of straight-out gambling. Last year, the stock experienced a strong rally after it announced that Comedy Dynamics and The Bob Ross Channels are going to be introduced to subscribers.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life


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