What's Going On With China-Based Pop Culture Group On Friday?

Pop Culture Group Co Ltd CPOP stock is surging during the premarket session on Friday. However, there is no news to justify the stock price movement of over 400%.

Pop Culture Group stock is seeing heavy trading. As of this writing, the stock witnessed a session volume of 6.996 million, above the average trading volume of about 23.474K, as per the data from Benzinga Pro.

Pop Culture Group is a hip-hop culture company based in Xiamen, China.

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• Its focus is on promoting hip-hop culture and the cultural exchange of hip-hop between the U.S. and China.
• The company’s primary target audience is the younger generation.
• It serves its customers with online programs and provides event planning and execution services as well as marketing services.
• The company was founded in 2007 and went public via an IPO in 2021.

Price Action: CPOP shares are up 363.9% at $6.2 during the premarket session on the last check Friday.

Photo by Sharon McCutcheon on Unsplash