TKAT Stock Price Increased 43.96%: What You Should Know About The Company

By Amit Chowdhry ● Mar 11, 2021
  • The stock price of Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) increased by 43.96%. This is what you should know about the company.

The stock price of Takung Art Co., Ltd. (NYSEAMERICAN: TKAT) – a company that operates an electronic online platform for artists, art dealers, and art investors to offer and trade in valuable artwork primarily in the People’s Republic of China – increased by 43.96%. Interestingly, there was not any direct news from the company to drive up the stock price and the last SEC report filing by the company was on March 5.

In that SEC report, Takung Art revealed that on March 1, 2021, WWC, P.C. (“WWC”) was appointed as the new independent registered public accounting firm for Takung Art Co., Ltd. And the decision to appoint WWC was approved by the Audit Committee of the Company’s Board of Directors. 

I am speculating that one of the reasons why the stock price may have increased is due to the surge in popularity of non-fungible tokens (NFT) recently (example).

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.