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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 2.10andbrieflypeakedatanintradayhighof2.10 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,stillup12.51.62, 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 ...