Earlyworks (NASDAQ:ELWS) stock is taking off on Wednesday after the blockchain-based technology company provided an update on stakeholders.
The Japanese-based company revealed investments from two individuals that traders need to know about.
The first is Hiroki Yamamoto, who has a 6.2% stake in the company. This comes from stock options held by the individual that represent 1 million shares of ELWS stock. This percentage is based on 15,039,400 ordinary shares outstanding and the 1 million available via exercise.
Satoshi Kobayashi is next on our list, with a 62.9% stake in Earlyworks. This comes from 5,462,265 ordinary shares held by the individual and 4 million held by Themis Capital GK. Satoshi Kobayashi is the 100% owner of Themis Capital GK.
How This Affects ELWS Stock Today
News of these stakes in the company has ELWS stock seeing heavy trading on Wednesday. As of this writing, more than 26 million shares of the company’s stock have changed hands. That’s an incredible surge in trading volume compared to its daily average of around 330,000 shares.
ELWS stock is up 339.6% as of Wednesday morning. The stock was down 36.8% year-to-date when markets closed on Tuesday.
Investors who are seeking out even more of the most recent stock market stories are going to want to keep reading!
We are offering all of the hottest stock market news that traders need to know about on Wednesday! Among that is why shares of Brera (NASDAQ:BREA) stock are up, the biggest pre-market movers this morning and an earnings update from Lyft (NASDAQ:LYFT). You can read up on all of these matters at the following links!
More Stock Market News for Wednesday
- Why Is Brera (BREA) Stock Up 234% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday
- Lyft Shares Soar 62% Following Strong Q4 Earnings Report
On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More: Penny Stocks — How to Profit Without Getting Scammed
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
