For much of 2020, the stock All for One Media Corp (OTCMKTS:AFOM) struggled mightily but the situation has changed for the better in 2021 and this year, the stock has in fact managed to garner some attention from investors.
Last year, one of the major factors behind the stocks struggle was related to the fact that one of its flagship productions, ‘Drama Drama’, had been suspended indefinitely. However, in 2021, the project was revived and that is possibly the reason why the All for One stock has also got back in action. However, more importantly, the film was actually released successfully across a wide range of streaming platforms earlier on in June.
In addition to getting its production on some of biggest platforms like Amazon, Google, Comcast, Spectrum, Dish and Vudu among others, the company also managed to sell portions of the distribution rights for the film. The film is directed at the tween market; however, there is something else that investors need to keep in mind.
It has been suggested that the film is primarily a marketing vehicle that is going to facilitate the launch of the girl music group of the same name. That said, the gains in the stock suggest that it might be a good move to keep an eye on the All for One Media Group stock at this point.
Market Reaction:
On Monday, AFOM stock jumped by 26.32% to $0.0012 with more than 321.98 million shares, compared to its average volume of 103.14 million shares. The stock has moved within a range of $0.0010 – 0.0014 after opening the trade at $0.0010. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0052.
 Stock Gains Momentum: What Next?){kind=link}