Vaycaychella (OTCMKTS:VAYK) Stock Goes Parabolic: Rockets 52% in a Week

Over the course of the past days, the World Series of Gold Inc stock has been in the thick of action in the markets and the situation remained the same on Thursday.

Market Stats

On Thursday, VAYK stock  moved up 32% to $0.0179 with more than 50.11 million, compared to its average volume of 9.95 million shares. The stock has moved within a range of $0.0126 – 0.0187 after opening the trade at $0.0150.

Major Trigger

Earlier on in the week, the company announced that it had officially changed its name to Vaycaychella (OTCMKTS:VAYK) and it had been made effective in Wyoming, where it had been originally incorporated. Yesterday the company announced that the ticker symbol for the stocks is also going to be changed to VAYK from WSGF and it is going to go into effect from today.

The announcement brought a flurry of action on to the stock once again and it soared by as much as 32% as a consequence. That took its gains for the past week to as much as 52%.

The company decided to change its name to Vaycaychella in order to reflect its new direction as a tech company that is involved in the short term vacation rental space. It was in 2020 that it had first become involved in this particular industry after it acquired a business by the name of Vaycaychella. It now remains to be seen if the stock continues to move upward today or not.

Traders Corner

VAYK stock is trading above the 20-Day and 200-Day Moving averages of $0.0133 and $0.0133 respectively. However, the stock is trading below the 50-Day moving average of $0.0211. The stock is up 49% in the past 3-month.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.