Thursday, May 13, 2021

Why PLBY Group Inc. (PLBY) stock is rising high in intraday trading?

PLBY Group Inc. (PLBY), an American global media and lifestyle company, which emphasizes upon pleasure and leisure, had shares surging 15.72% to trade at $35.85 in the current market at last check.


5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored



The increase in PLBY stock price came as the research firm ‘Hedgeye’, named PLBY Group as the “best new idea.” which peaked investor interest. In accordance to hedgeye assessment, the current market cap of PLBY can be increased from just under $1B to a staggering $10B.

So what


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


The company has been taken private since several years.  However, it went public again through a Special purpose acquisition company (SPAC) also known as a blank cheque company. After going public, PLBY has announced to purchase an omni-channel retailer and a contractual agreed with Nifty Gateway, hence allowing PLBY Group to enter the nonfungible token (NFT) area with its older content, leading to a sudden surge in interest for all parties involved.

The general idea in the PLBY NFT space is to digitalize authentic content from Playboy magazine to create content in relation with various artists that can then be sold as NFTs in the future. The longer-term Playboy and Nifty collaboration will emphasize on three areas: various celebrities partnering with Playboy’s unique art and media archive, an attempt to hire a new artist for NFT work including providing capital especially designed to help rising and underrated artists initially starting within the NFT art community, and the development and selling of Playboy vintage art collection in NFT form.

Playboy has served as a creative developer for an immense number of talented artists and celebrities and fits within the perfect NFT model.

Conclusion

PLBY long-term revenue growth and the rising stock price has proven to be a success and an investment in NFT’s has peaked investor expectation for the company. Furthermore, an inked deal with Nifty Gateway in regards to NFT development has given the company a competitive advantage over its peers.

Latest news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

Related news

What is behind the fall of Torchlight Energy Resources Inc. (NASDAQ: TRCH) stock?

Torchlight Energy Resources, Inc. (NASDAQ: TRCH), a growth oil and gas exploration company specializing in the acquisition and development of highly profitable domestic oil...

Eros STX Global Corporation (ESGC) stock is declining: Here is the reason why?

Eros STX Global Corporation (NYSE ESGC) a global multinational media company that acquires, produces, and distributes films, television shows, and digital content issued its...

Yum China Holdings Inc. (YUMC): The Most Important Numbers You Should Know

Yum China Holdings Inc. (YUMC), which operates Taco Bell Restaurants, KFC Restaurants, and Pizza Hut Restaurants in China, has published its first-quarter report for...

Why shares of Akerna Corp. (KERN) stock are up today?

Akerna (KERN), a cannabis technology company focusing to connect data points in the global cannabis supply chain and developer of the cannabis industry's first...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.