There were many stocks which managed to record considerable gains yesterday despite there being no news at all about the companies in question.
One such rally was seen in the FutureLand Corp (OTCMKTS:FUTL) stock which managed to emerge as one of the notable gainers yesterday and soared by as much as 30% despite there being no news about the company. In this sort of a situation, it should be noted that there has been no news at all about the company for many years and the last time any news emerged about it was back in 2017.
In this context, it is perhaps also important to point out that earlier on in the month the FutureLand stock actually suffered from a selloff and had declined by as much as 25% back on August 9. The company is involved in leasing out land for the purposes of cannabis and hemp cultivation.
FutureLand had seen the growth prospects in the hemp and cannabis businesses and made the decision to move into it. While it is difficult to figure out the reason behind the rally in the stock, investors could do well to keep an eye out for any fresh news about the company.