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AGM Group Stock Surges 185% Amid Confirmed Subsidiary Sale and Anticipated Earnings Report
AGM Group Stock Surges 185% Amid Confirmed Subsidiary Sale and Anticipated Earnings Report
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BTCCSquare news:
AGM Group (AGMH) shares skyrocketed 186% on Friday following a perplexing regulatory filing. The Chinese fintech firm reiterated the $57.45 million sale of its Nanjing Lucun Semiconductor subsidiary to Hong Kong Giant Electronics in an SEC 6-K FORM dated May 7, 2025—a transaction previously disclosed in prior filings.
Market participants appear to be pricing in an imminent earnings release, though the rationale behind today's extraordinary volume—43.8 million shares traded versus typical activity—remains unclear. The stock's volatility continues a turbulent trend, with year-to-date losses still exceeding 97% despite today's rebound.
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