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Aug. 19, 2019, 9:01 a.m. EDT

DPW stock surges 300% on heavy volume after company completes beta test of MonthlyInterest.com

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By Emily Bary

SPX

Shares of DPW Holdings Inc. are up 300% in premarket trading Monday after the company announced that it completed a beta test of MonthlyInterest.com, a financial technology portal for income-generating investments. The company, which had a market value of just over $2 million as of Friday's close, expects that the MonthlyInterest product "will be disruptive by providing investors the opportunity to invest directly into companies and technology that will have a global impact, bypassing traditional banking and lending institutions." DPW's stock is seeing the heaviest premarket volume among U.S. stocks. Shares have dropped 67% over the past three months, as the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.03% has risen 1%.

/zigman2/quotes/210599714/realtime
US : S&P US
3,655.04
-38.19 -1.03%
Volume: 2.22B
Sept. 26, 2022 5:56p
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