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Benzinga
Benzinga
Business
Henry Khederian

DARK SECRETS: Why qmmm holdings shares are extremely volatile today | Rare Historical Photos

QMMM Benzinga Edge
A,Futuristic,Digital-themed,Illustration,Featuring,A,Glowing,Bitcoin,Symbol,Surrounded

Shares of QMMM Holdings Ltd (NASDAQ:QMMM) are trading sharply lower Thursday, continuing a reversal from a marked rally earlier in the week.

What To Know: The sell-off follows a volatile surge on Tuesday, when the stock soared over 1,700%, briefly hitting a 52-week high of $303. The massive spike was triggered by the Hong Kong-based company’s announcement of a major strategic pivot into the cryptocurrency and artificial intelligence sectors.

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