AB International Group Corp (OTCMKTS:ABQQ) Stock Jumps 8%: Here is Why

This morning investors are expected to look into those stocks which may have managed to record notable gains yesterday and by that token, it is likely that the AB International Group Corp (OTCMKTS:ABQQ) stock is going to come into focus.

Trading Data

On Monday, ABQQ stock soared 8.33% to $0.0013 with more than 11.54 million shares, compared to its average volume of 11.05 million shares. The stock moved within a range of $0.0012 – 0.0014 after opening trade at $0.0013.

ABQQ Announced Movie ‘Love Over the World’ NFT Launch on NFT MMM

The stock had made a notable upward move yesterday and had managed to generate gains of as much as 8% amidst significant interest. The company, which is well-known for owning the intellectual property for the movie NFT marketplace NFT MMM, announced yesterday that the territory rights owner of the film ‘Love Over the World’ would launch an NFT of the same name.

The NFT would be launched for NFT MMM users on November 8, 2022, which also happened to be the date of the launch of the marketplace. It was a major new announcement from the company and one that may have led to considerable optimism among investors.

At this point in time the film is being broadcasted on the VIP membership streaming service iQiyi.com. The special territory owners of the film had also entertained enquiries from those who are interested in getting the copyrights for the film. It remains to be seen if the AB International stock adds to its gains further.

Technical Data

ABQQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0014 and $0.0023 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0081.