It’s a broadly green day in the markets today. However, one of the stocks that’s absolutely tearing it up right now is The OLB Group (NASDAQ:OLB). Currently, OLB stock is up nearly triple digits at the time of writing. However, earlier today, investors in OLB saw gains of much more than 100% on some big news.
As a diversified French e-commerce merchant services provider, OLB Group has some obvious catalysts underpinning this stock’s growth. That said, despite a spike earlier this year along with other hypergrowth stocks, the trend of late hasn’t been positive for OLB stock.
The company’s business model also includes Bitcoin crypto-mining operations. Accordingly, this is a company that’s been tied to the crypto trade. Given where crypto prices are right now, the recent price action in OLB stock is a head-scratcher. It appears investors are focusing on other plays in this space.
However, today, that sentiment is changing. Let’s dive into what investors are watching with OLB stock right now.