180 Life Sciences Corp. (NASDAQ:ATNF) Stock Hits New High: What’s The Buzz?

Anyone who watched the markets yesterday must have noticed the staggering 325% gains that were recorded by the 180 Life Sciences Corp. (NASDAQ:ATNF) stock on Wednesday. It could be a good time to take a closer look at the events from yesterday.

What Happened?

The 180 Life Sciences Corp. stock managed to hit its highest level in 52 weeks on Wednesday amidst significant volatility in the sector. Hence, it could be concluded that there were some distinct factors at play that led to the remarkable rally seen yesterday.

One Major Development

In light of the gains, it should be noted that not too long ago the company had announced that it was making a move into the online gaming space through the utilization of blockchain technology. In fact, the biotech company also completed the acquisition of a back-end gaming platform in order to facilitate the move.

Plans are already in the works to offer a business-to-consumer online casino with the possibility to offer business-to-business solutions in the future. 180 Life Sciences Corp. has made plans to launch its first online casino by the end of the first fiscal quarter of 2025. Recently, 180 Life Sciences Corp. had also issued 57238 common shares and options for 20,000 shares to Sir Marc Feldmann, a former executive, as part of a separation agreement.

Traders Notes

+/- EMA(20)	2.01 (+221.89%)
+/- SMA(50)	1.86 (+247.85%)
+/- SMA(200)	2.44 (+165.16%)
5-Day Perf.	+372.26%
1-Month Perf.	+253.55%
3-Month Perf.	+178.88%
6-Month Perf.	+337.16%
YTD Perf.	+59.5%
1-Year Perf.	-34.61%
RSI(14)	89.47
ATR(14)	1.33
ADX(14)	24.48
Beta (5Y)	0.53