Color Star Technology Co Ltd (NASDAQ:CSCW) is moving up in early session on Thursday.
As of 10:13, CSCW stock went up by over 4.50% to $0.97. The stock has traded 685K shares, compared to its average volume of 17.80 million shares. The stock opened at $0.952 and moved in a range of $0.9400 – 0.9850.
CSCW Releases News Today
Color Star Technology Co., Ltd. Announces Memorandum of Understanding with Movie Planet LLC and Youa Group to Launch Joint Development of Non-Fungible Token (NFT) for Film Databases
- CSCW announced the signing of a Memorandum of Understanding (“MOU”) on April 23 through its wholly-owned subsidiary, Color China Entertainment Co., Ltd., Movie Planet LLC (hereinafter referred to as “Movie Planet”), and a South Korea-based company, Youa Group (hereinafter referred to as “Youa Group”).
- Pursuant to the MOU and subject to definitive agreements, the three parties will aim to jointly develop a NFT application for the Hollywood Film Festival and International Film Festival databases.
- Movie Planet is a Hollywood-based company that focuses on the development of film copyrights. It currently owns the copyrights of many international award-winning films. It also holds large-scale international film exhibitions and has good relationships with the world’s top film actors, film production teams, and screenwriter teams. Youa Group is a global blockchain firm.
Mr. Luke Lu, Color Star’s CEO, commented: “We look forward to finalizing the cooperation with Movie Planet and Youa Gorup. The opportunity to work with a top Hollywood entertainment company and a Korean technology company will accelerate our own technology developments. The discussion about exchange and profit realization of entertainment copyrights have been going on for a long time in the industry. The cooperation among us will be a benchmark, and I believe our future product will soon be available to the public.”
|SHARES OUTSTANDING||28.85 M|
|SHARE FLOAT (%)||20.75 M (71.92%)|
|% HELD BY INSTITUTIONS||1.91|
Recent Stock Performance
|+/- EMA(20)||1.03 (-5.83%)|
|+/- SMA(50)||1.18 (-17.80%)|
|+/- SMA(200)||0.84 (+15.48%)|
|CCI20||-79.9429||Sell||Chaikin Money Flow||0.1036||Buy|
|MACD||-0.1009||Sell||Money Flow Index||24.2495||Sell|
|STOCH (14,3)||28.5619||Buy||STOCH RSI||0.8277||OverBought|