If you are currently looking into stocks which have made considerable gains in March so far then it is hard to look past the Marketing Worldwide Corporation (OTC:MWWC) stock. The stock is up by as much as 600% this month so far and investors could consider starting tracking it in light of such gains.
The company had been in the news back on March 9 when it announced that it had completed a fresh acquisition and also retained the services of a media specialist to assist with its corporate shift. The company announced at the time that it had completed the acquisition of its fully owned subsidiary unit Marketing Worldwide Media. The acquisition of the media business would help Marketing Worldwide to go into television concepts for web, social, entertainment and commercial sales programming.
The company expects to generate additional revenues through the sales of ads on the contracted networks. In order to pivot towards this new business model, the company announced that it had retained the services of Robert Blagman as its new media expert. Blagman is a professional with more than three decades of experience in communications, management and network sales.
It is clear to see that Marketing Worldwide is making a move in a new and potentially lucrative direction and that may have been the reason behind the optimism among investors about its stock. It could well be a good idea to consider adding the stock to your watch lists and watch for the price action over the coming days.