Creatd trims NFT-spurred gains on $3.8 mln stock offering

Creatd

25/10/2021 18:39

(Updates)
    ** Shares of tech company Creatd Inc  CRTD.O  pare gains in
afternoon trading after co announces $3.8 mln stock offering;
last up ~10% at $4.54 
    ** Co prices each stock at $4.50/shr, a 9% upside to stock's
last close
    ** CRTD shares have jumped 86% over last two weeks
    ** Earlier in the day, CRTD jumped as much as 68.5% to $6.96
after announcing plans to offer non-fungible token (NFT) of
former U.S. President Donald Trump's photographs
    ** CRTD shares were halted multiple times for volatility
    ** About 38.5 mln shares changed hands by 1:30 p.m. ET,
surpassing its 10-DMA volume of 15 mln in early trading
    ** CRTD says its second NFT drop to offer three "candid
images of a young Donald Trump," each for an ask price for 240
ethereum  ETH=   urn:newsml:reuters.com:*:nPn5fdwNa
    ** In its first drop in Sept, co offered 150,000
photographs, illustrations, videos, and other media content
originating from the archives of Bob Guccione, the owner of
publications including Penthouse, Viva, OMNI and Longevity
 urn:newsml:reuters.com:*:nL4N2QO2MN
    ** Stock had surged in July on interest from retail traders
on social media platforms  urn:newsml:reuters.com:*:nL4N2OP2BI
    ** Stock up 123% this month, on track for its best monthly
performance since October 2016

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))