In the past week, the VSBLTY Groupe Technologies Corp (OTCMKTS:VSBGF) stock has emerged as one of the major gainers as investors piled on to it in a big way. The stock ended up delivering gains of as much as 36% over the course of the past week.
Although the gains made by the stock over the past week are expected to bring VSBLTY into considerable focus among investors today, it is also necessary to keep in mind that there was no news about the company last week. However, back on September 8, the security and retail analysis software solutions provider announced that it was one out of the five founding partners of the entity Austin GIS.
It was a major announcement and one that might have come as a source of excitement for many investors. Austin GIS is a newly established company that is going to be involved in big ticket laaS projects. The company is going to work on such projects through leveraging infrastructure, machine learning and computer vision. It was a major announcement from VSBLTY and it now remains to be seen how the stock performs this morning following its rally last week. At this point, investors could do well to keep an eye on all the news with regards to the company.