Visionary Holdings (GV) Stock Is Up 320% This Week: What's Going On?
Visionary Holdings Inc (NASDAQ:GV) shares have surged 320% to $5.93 since Monday after announcing a $1 billion financing deal with Qatar’s Alfardan Group on Wednesday. The funding will support R&D and global expansion of the company's PEGASUS new energy vehicles.
What Else: While full financial details remain undisclosed due to NASDAQ regulations, the investment marks a major milestone for the company's EV ambitions.
The Toronto-based firm plans to allocate funds toward improving battery efficiency, intelligent driving and vehicle safety while establishing a manufacturing base and optimizing production. Additionally, Visionary aims to expand branding and sales to strengthen PEGASUS's position in the EV market.
Looking ahead, Visionary says the company is prioritizing international growth, particularly in Europe and North America, while forming strategic partnerships to drive innovation.
Read Also: Trump Administration Weighs Sea Inspections Of Iranian Oil Tankers
How To Buy GV Stock
By now you're likely curious about how to participate in the market for Visionary Holdings (NASDAQ:GV) – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Visionary Holdings, which is trading at $5.93 as of publishing time, $100 would buy you 16.86 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, GV has a 52-week high of $8.85 and a 52-week low of $1.00.
① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
② More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
English