Yesterday, we reported that shares of Inventergy Global Inc (NASDAQ:INVT) had skyrocketed after what was seemingly a paid promotional pump for the stock. Today, the stock has fallen significantly, although it still remains 40% higher that it was prior to the market opening yesterday.
It still amazes us how these promotional ads can send a stock soaring so much. Shares of Inventergy Global Inc (NASDAQ:INVT) were trading up over 105% at 12:35PM ET yesterday, before closing at $2.16 (up from the $1.36 opening).
The question that remains is, “Will this stock hold any of yesterday’s gains or will it simply fall back to where it was trading prior to the pump that occurred.” Only time will tell.
The stock is down 11.57% or $0.25 today, hitting $1.91 per share. About 1.37M shares traded hands or 46.32% up from the average. invt has risen 671.43% since May 27, 2015 and is uptrending. It has outperformed the S&P500 by 673.55%.
Inventergy Global, Inc. is an intellectual property investment and licensing company. The company has a market cap of $8.93 million. The Firm offers clients a professional corporate licensing model for IP value creation. It currently has negative earnings. The Company’s intellectual property primarily consists of asset portfolios it has acquired from clients for the purpose of monetizing such patents.