Cloudcommerce (CLWD) Continues to Gain Momentum

One of the major gainers over the course of the past week was the Cloudcommerce Inc (OTC: CLWD) stock. The company, which is involved in providing digital advertising solutions, saw its stock soar by as much as 650% in one week.

This past Friday alone, the CloudCommerce stock soared by as much as 100%, and hence, it could be a good idea if investors took a closer at some of the developments around the company.

In this regard, it is also necessary to point out that this past Friday; the company announced the launch of an artificial intelligence venture. The product in question is meant for boosting its proprietary SWARM solution and help CloudCommerce clients in cutting costs of advertising by as much as 50%.

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This particular update on Friday was possibly the main reason behind the rally in the stock. It goes without saying that the stock is likely going to be in focus among investors on Monday and investors could do well to add CloudCommerce to their watch lists.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.