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AppSwarm Corp (OTCMKTS:SWRM) Stock Suddenly Jumps: Here is Why

Madison Hall , , , ,

The AppSwarm Corp (OTCMKTS:SWRM) stock was in considerable focus among investors yesterday and experienced heavy action as it ended the day with gains of as much as 20%. While the gains made by the stock are likely to bring the stock into the focus of many investors today, it should be noted that there was no news about the mobile application aggregator and software developer yesterday.

While it is true that the rally in the stock may appear speculative, it should be noted that back in April the company had made a major announcement and investors could do well to take a quick look at it.

On April 21 this year, AppSwarm provided its strategy with regards to the development of TulsaLabs, a blockchain research lab. The lab in question is going to be involved with seminars, blockchain related workshops, application research and will also deploy its capabilities in the field of video conferencing to bring in expertise from all over the world.

It was a major announcement from AppSwarm and might have brought it to the attention of many investors. However, it is unlikely that the latest rally was driven by the news from back in April this year.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.