CMG Holdings Group Inc. (OTCMKTS:CMGO) Stock Continues to Trade in a Range
CMG Holdings Group Inc. (OTCMKTS:CMGO) has started bottoming out after a recent pullback to 6 months lows. While the stock is up by more than 50% year to date, it has lost more than 10% in market value from 2021 highs of $0.014 a share.CMG Holding Group wholly owned subsidiaryXA held an event in New York where people were invited to partake holiday cakesas part of a balanced diet.
Market Stats
On Wednesday, CMGO stock ended flat at $0.0090 with more than 769k shares, compared to its average volume of 1.60 million shares. The stock has moved within a range of $0.0083 – 0.0090 after opening trading at $0.0090.
CMG Holding Group’s Subsidiary Holds Event That Features New Yorkers “Eating” a Billboard
The event was a huge success for the wholly-owned subsidiary, which ended up gaining much-needed exposure through media coverage. XA is planning additional events in the near future that it intends to share with investors
XA, The Experimental Agency Inc. engages in alternative advertising, digital media experimental, and interactive marketing. It specializes in the production, promotion, event design, and sponsorship evaluation.
Key Quote
“The event was a huge success for XA, including attracting major media coverage. A visit to https://www.facebook.com/Plenity/will allow our shareholders to experience the excellent work done by our subsidiary,” said Glenn B. Laken, CMG Holding Group’s CEO. “There will be additional major events for XA in the near future and we look forward to sharing them with our investors.”
Traders Corner
CMGO stock is below the 20-Day and 50-Day Moving averages of $0.0093 and $0.0098 respectively. The stock is trading in the neutral zone with the RSI at 46.
