It has been many weeks since Stargaze Entertainment Group Inc (OTCMKTS:STGZ) was last in the news but that has not stopped investors from being bullish about the company’s stock.
Yesterday, investors piled on to the Stargaze stock in a big way and sent it soaring by as much as 54%. In light of such enormous gains it is likely that the stock is going to be on the radars of many investors this morning as well. The last time any news emerged about the company was back on August 12, 2021 when Stargaze announced that it had accepted the resignation of its then Chief Executive Officer and Chairman Tony Green.
However, that was not all. The company also announced that Stephen Brown, a veteran of the entertainment industry, returned to his role as Chairman and Chief Executive Officer of Stargaze. It should be noted that Brown’s position became effective immediately.
The appointment of a seasoned industry professional to the top post can sometimes come as a source of optimism among investors and that may have been one of the reasons behind the rally on Thursday. However, at the same time, it could be a good idea to keep an eye on any fresh news about Stargaze.