Medifirst Solutions Inc (OTCMKTS:MFST) Stock More Than Doubled in a Week: But Why?

There were many stocks that made strong upward moves on Wednesday and one of those was the Medifirst Solutions Inc (OTCMKTS:MFST) stock. Yesterday, the company saw its stock soar by as much as 12% after it announced that Thomas Griffin has been appointed as the new Chief Executive Officer.

The appointment of a new CEO can often move a stock one way or another but happily for Medifirst the news came as a major positive for investor. Griffin’s career spans over a period of around a quarter of a century and during that period he has made a name for being a successful global entrepreneur. In addition to that, he is also known for his prowess as an advisor and investor.

More importantly, Griffin is more interesting in growth and profitability, which seems to have been a major factor behind the appointment. In addition to that, he has also worked in emerging markets and back in 2019 he had been conferred with the Pioneer Award at the 5th China Capital Forum.

He stated that over the next few weeks he is going to put plans in place so that Medifirst’s past does not interfere with its present going forward. Investors could do well to keep an eye on the all the developments in the coming days regarding Medifirst.

Market Reaction:

On Wednesday, MFST stock gained 12.50% to $0.0018 with more than 141.27 million shares, compared to  its average volume of 26.64 million shares. The stock has moved within a range of $0.0012 – 0.0021 after opening the trade at $0.0016. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0123.