There may be certain instances of stocks making massive gains despite there being no news and that is what happened with the NOHO Inc (OTC: DRNK) stock on Wednesday.
Yesterday, the stock soared by as high as 72% as investors flocked to it in a big way. It should also be noted that despite there being no news, the stock also recorded considerably high trading volumes. When such a thing happens, it is often a good idea for investors to take a look at key events from the past.
Earlier this year on January 29, the company made a major announcement. NOHO announced that it got into an agreement with Sibannac Inc by way of which its intellectual property is going to be purchased by the latter. When the announcement was made, NOHO stated that the two companies were in discussion with regards to the exact terms of the deal in question.
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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.