The last trading session of Thrive World Wide, Inc. (PINK:TWWI) went under a heavy bombardment of promotional letters.
The effect was visible on the stock chart by the protruding volume bar which represent over 9.3 million traded shares.
During the day, due to the promotional effect TWWI hit an intraday high at $0.0289. At the end of the day TWWI finished at $0.018, which is 5.88% higher than the previous close.
The plethora of promotional letters which arrived on Friday seemed to originate by one advertising group. In this respect, the promotional letters shared a common compensation of $20,000. Another common thing which the newsletters share is the anonymous third party who had paid for the campaign.
In addition to the campaign, two press releases were published during the day. The company announced it was chosen by Vindagra wines to represent them in the cruise line resort and hotel industry markets. TWWI also announced it had launched a travel section on its daily hot deal website.
Due to these stimuli TWWI surged on heavy volume in the last session. This may leave the more agile market speculators vigilant about the stock performance as the promotion may also produce an unloading effect in the near term.
