TRKA Stock Price Increases Over 25% Pre-Market

By Amit Chowdhry ● Oct 20, 2021
  • Troika Media Group, Inc. (Nasdaq: TRKA) has increased by over 25% pre-market today. These are details about the company.

Troika Media Group, Inc. (Nasdaq: TRKA) has increased by over 25% pre-market today. There are no company-specific reports or government filings that are driving up the stock price so it appears external factors are at play. The rally appears to be driven by investors who are active on social platforms like Discord, Twitter, Facebook, etc.

Troika Media Group is known as an end-to-end brand solutions company that creates both near-term and long-term value for global brands in entertainment, sports, and consumer products. And the company’s clients include Apple, Hulu, Riot Games, Belvedere Vodka, Unilever, UFC, Peloton, CNN, HBO, ESPN, Wynn Resorts and Casinos, Tiffany & Co., IMAX, Netflix, Sony, and Coca-Cola.

A few months ago, Troika had acquired a crypto/NFT platform called Redeeem. Redeeem is bringing its crypto payment APIs, mobile payment expertise, non-fungible token (NFT) ecosystem, and a community of 50,000 members into TMG’s expansive network of digital brands. Troika Media Group’s digital assets arm Troika IO sponsored Crossroads Exhibit, a month-long virtual non-fungible token (NFT) exhibit under the direction of Umba Daima, a Black-owned creative agency featuring Black and African artists in film, music, and digital art. This 30-day multi-media event series, held from September 25, 2021, through October 24, 2021, in Atlanta, GA, aims to educate diverse communities about blockchain and crypto technologies, and cultivate a connection between the art world, business, and technology-based communities. And Troika IO sponsored a live launch party in Atlanta, Georgia on September 25, 2021, to kick off the first series of NFT experiences for this project.

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