Pop Culture Group Co. Ltd [NASDAQ: CPOP] loss -12.38% or -1.39 points to close at $9.84 with a heavy trading volume of 2940452 shares. The company report on July 3, 2021 that Pop Culture Group Co., Ltd Announces Closing of Initial Public Offering.
– Pop Culture Group Co., Ltd (the “Company”) (Nasdaq: CPOP), a hip-pop culture company in China, announced the closing of its initial public offering (the “Offering”) of 6,200,000 Class A Ordinary Shares at a public offering price of US$6.00 per share.
The Company received aggregate gross proceeds of US$37.2 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company granted the underwriters a 45-day option to purchase up to an additional 930,000 Class A Ordinary Shares at the public offering price, less underwriting discounts. The Class A Ordinary Shares began trading on the Nasdaq Global Market on June 30, 2021 under the ticker symbol “CPOP.”.
If we look at the average trading volume of 3.19M shares, CPOP reached to a volume of 2940452 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Pop Culture Group Co. Ltd [CPOP]:
The Average True Range (ATR) for Pop Culture Group Co. Ltd is set at 15.70, with the Price to Sales ratio for CPOP stock in the period of the last 12 months amounting to 9.09.
Trading performance analysis for CPOP stock
Pop Culture Group Co. Ltd [CPOP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -62.53.