SMX Shares Up 50% Premarket; Co Announced Planned Launch of World's First Plastic Cycle Token
Portfolio Pulse from Charles Gross
Shares of SMX surged 50% in premarket trading following the announcement of their plan to launch the world's first Plastic Cycle Token.
November 28, 2023 | 12:16 pm
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POSITIVE IMPACT
SMX shares experienced a significant 50% increase in premarket trading due to the announcement of the upcoming launch of a novel Plastic Cycle Token.
The substantial premarket increase in SMX's share price is directly attributed to the announcement of the Plastic Cycle Token, which is perceived as an innovative step by the company. This news is likely to generate investor interest in SMX's commitment to sustainability and innovation, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100