Overnight Millionaires: This Company's Stock Price Surges 3000% in One Day

New Delhi (The Uttam Hindu): There are many amazing stocks in the American stock market, in which those who invested became rich in a jiffy. At the same time, one stock in the market made investors rich in a jiffy. The stock of e-commerce and packaging company Atco Holdings jumped 3000% in a single day.

This stock of the packaging company climbed to $ 83.12 after opening at $ 18.86, although its pace slowed down by the end of trading. But still it closed at $ 45.08 with a jump of 3008.97%. The special thing is that since last year 2024, it was trading in a price range of just 1-2 dollars and on the last trading day of last week, September 5, the price of one share was $ 1.43, but on Monday, when trading started in the US stock market, it suddenly opened with a strong rise above $ 18 and touched its lifetime high level of $ 83.12. Before this, it had fallen by 99% in about three and a half years.

In fact, recently it has entered the world of crypto. The company has made a big investment in a crypto project called World Coin, in which OpenAI founder Sam Altman is playing a big role. The stock has been rocketing only after this news came out. If reports are to be believed, Atco Holdings has also raised a fund of $250 million to invest in this crypto project. Along with the new move of the company and the growing scope of the crypto market, the stormy rise in other cryptocurrencies including bitcoin in the recent past had a tremendous impact on the sentiment of investors and its bumper buying started and its price reached the sky.

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