Pop Culture Group share spikes 47% after new investment strategy

Pop Culture Group Co. Ltd. (NASDAQ: CPOP) shares were volatile on Wednesday after the China-based entertainment company announced its plans to venture into cryptocurrencies. The shares opened sharply higher at $2.10 and briefly peaked at an intraday high of $2.13, up 47% from the previous day's close, before selling back down throughout the day and settling at $1.62, still up 12.5%. In early Thursday pre-market trading, shares tanked 12.35% to $1.42, reclaiming some of the previous day's gains. The cata ...