theglobe.com (OTCMKTS:TGLO) Stock Price Up 8.3% - Here's What Happened

Key Points

• OTCMKTS:TGLO jumped 8.3% on Monday, trading as high as $0.29 and last at $0.2603, with volume of 46,380 shares (up 67% vs. the average 27,707).
• The stock remains below its short- and long-term technicals, with a 50-day moving average of $0.30 and a 200-day moving average of $0.34.
• TheGlobe.com is an early web social‑networking pioneer (founded 1995) that gained wide attention after a blockbuster IPO in November 1998.

theglobe.com Inc. (OTCMKTS:TGLO - Get Free Report) shot up 8.3% on Monday . The stock traded as high as $0.29 and last traded at $0.2603. 46,380 shares changed hands during trading, an increase of 67% from the average session volume of 27,707 shares. The stock had previously closed at $0.2403.

theglobe.com Stock Performance

The firm has a 50 day moving average of $0.30 and a two-hundred day moving average of $0.34.

theglobe.com Company Profile

TheGlobe.com, Inc, traded on the OTC Markets under the symbol TGLO, is best known as an early pioneer in web-based social networking and community engagement. Founded in 1995 by Todd Krizelman and Stephan Paternot, the company launched one of the internet's first platforms allowing users to create personalized profiles, join themed chat rooms, and share user-generated content in real time. At its peak in the late 1990s, TheGlobe.com attracted millions of registered members worldwide to its interactive forums and multimedia offerings.

In November 1998, TheGlobe.com garnered widespread attention with an initial public offering that produced one of the largest first-day gains in U.S.

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