It is often noticed that stocks end up moving in a big way despite the companies in question being largely dormant as far as news is concerned. Such a move was seen in the FBC Holding Inc (OTCMKTS:FBCD) stock yesterday.
There was no news about the company at all but investors jumped on the stock in droves and sent it soaring by as much as 18%. While the gains made by the stock may have been substantial, it is important to note that the company has been largely dormant and the last news about it emerged way back in 2015. Hence, many might argue that the really in FBC Holding might have been speculative in nature.
In this situation, it could be a good move for investors to learn a bit more about the company. The company is involved in the manufacturing and sales of vinyl toys and other products. Some of the products that FBC Holdings is known for include snow skates, flow board and flow saucers. However, in a situation in which there is no news about the company or the sector in which it operates, it might be a good idea for investors to tread a bit cautiously.