If you are currently looking into stocks that have recorded major gains in recent days then it might be a good idea to look into the Drone Guarder (OTCMKTS:DRNG) stock. The stock has been in major focus among investors for quite a while and the trend continued yesterday.
The Drone Guarder stock clocked gains of 33% yesterday as investors continued to flock to the stock in big numbers and the rally took its gains for the past week to as much as 410%. In light of such enormous gains, it is perhaps the right time for investors to take a closer look at the company.
The rally in the stock was triggered after it emerged that Drone Guarder was going to be acquired by the electric vehicle company Video River Networks in a deal worth $20000. After the deal was announced last week, the Drone Guarder stock soared to new heights as investors got excited about the news.
More importantly, there is an element of post deal arbitrage in the current situation with the stock and that is understandable, considering the fact that the Drone Guarder stock still trends at levels below a cent. Investors could consider keeping an eye on this stock this week.
Market Reaction:
On Monday, DRNG stock gained 33.33% at $0.0056 with more than 1.50 billion shares, compared to its average volume of 127.78 million shares. The stock had moved within a range of $0.0036 – 0.0075 after opening the trade at $0.0044. Over the past 52-week, the stock has been trading within a range of $0.0002 – 0.0098.
 Stock Gains Further: Up 400% in a Week){kind=link}