General Steel Holdings (GSI) Takes Upward Bounce; Nxt-ID (NXTD) Inks Strategic Investment
Shares of General Steel Holdings, Inc. (NYSE:GSI) soared over 140% in early trade Monday to touch the $3.20 mark. However, there appears to be no relevant information in the street that may explain the stock’s rally during the first trading session of 2016
GSI stock is exchanging hands at $2.74, up $1.41 (or +105.76%), and 1,513,574 of its shares were traded so far, a large increase in activity versus its average volume (3m) of 45,194
General Steel Holdings, which produces a variety of steel products including rebar and high-speed wire, has 16.60M Shares Outstanding and GSI stock 52-week range is between $0.53 and $5.20 per share
Nxt-ID, Inc. (Nasdaq:NXTD) stock surged on Monday’s market activity after WorldVentures, a direct seller of curated group travel, said that it will make a $2 million strategic investment in the company
NXTD stock is currently trading for about $0.28, up $0.04 (or +17.17%), and 442,417 of its shares exchanged hands so far.
Nxt-ID, a company focused on the growing m-commerce market, has 31.33M Shares Outstanding and and NXTD stock one-year range is from $0.16 to $4.20 per share
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