Still well below its previous gap down. Lots of attention on streaming entertainment with new peeps coming online like HBO, DIS and others.
"The company stated that Dolby Vision and Dolby Atmos are now going to be made available on the platform for a better experience for all its subscribers. This resulted in a significant spike in the stock as investors believed the festive season in India would help the company in bringing in more subscribers. The stock has rallied by as much as 78% over the past two weeks. Furthermore, speculation may or may not play a roll as the company is slated to report Q2 fiscal 2020 earnings on November 15th."
Earnings catalyst?
MORE INFO: 5 Penny Stocks to Buy Before Next Month?
"The company stated that Dolby Vision and Dolby Atmos are now going to be made available on the platform for a better experience for all its subscribers. This resulted in a significant spike in the stock as investors believed the festive season in India would help the company in bringing in more subscribers. The stock has rallied by as much as 78% over the past two weeks. Furthermore, speculation may or may not play a roll as the company is slated to report Q2 fiscal 2020 earnings on November 15th."
Earnings catalyst?
MORE INFO: 5 Penny Stocks to Buy Before Next Month?