Genius Group Stock Soared Another 95% in Morning Trading
Tiger Newspress2023-01-20
Genius Group Ltd. stock (GNS) rallied another 95% in morning trading Friday, extending its prior-day gains after the Singapore-based education company announced it had appointed a former F.B.I. official to probe alleged illegal trading in its stock.
The stock rose a record 290% on Thursday in heavy volume and saw 7.2 million shares change hands premarket Friday.
The company said Timothy Murphy, a former deputy director of the F.B.I., will lead a task force investigating naked short selling of its stock that has depressed the price. The company is also issuing a special dividend to shareholders to help expose the wrongdoing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
