Why Luokung Technology Stock Soared Today

Shares of Luokung Technology (NASDAQ: LKCO) were climbing today as investors got a shot of hope that the company could stave off a delisting from the Nasdaq exchange, following an earlier order from the Department of Defense requiring a group of Chinese companies providing aid to the Chinese military to be delisted.

The stock was up 42.5% as of 10:47 a.m. EDT today on the news.

Image source: Getty Images.

Continue reading

Source Fool.com