Why Onion Global Stock Is Skyrocketing Today
Shares of the Chinese e-commerce company Onion Global Ltd. (NYSE: OG) spiked today after the company announced a new events initiative designed to promote its private-label products and brands.
The tech stock was up by 28% as of 11:51 a.m. EDT.
Onion Global announced today that it would host ongoing "LUCA Elite Club" events intended to "provide in-depth brand knowledge" to the company's social media influencers, known as "key opinion consumers" (KOCs).
Source Fool.com
