What will happen to Takung Art’s stock today?

Takung Art Co Ltd (AMEX:TKAT) is trading significantly higher on above-average volume on Wednesday. The stock was seen as a way to play the NFT boom.

The NFT sector has recently seen an increase in volume after Visa Incs (NYSE:V) CryptoPunk Purchase and Social Media Mentions.

Takung Art exceeded 20 million in trading volume at the time of publication. The average volume of the stock is about 3.5 million.

Takung Art operates an online electronic platform for offering and trading works of art. Through its platform, the company gives artists, dealers and owners access to a large art dealership market where they can connect with a wide range of investors.

The stock was in the top three trending stocks on Stocktwits at the time of publication.

TKAT Price Action: Takung Art has traded as high as $74.11 and as low as 78 cents in a 52-week period.

At its last check Wednesday, the stock rose 57.2% to $11.04.

photo by StockSnap by Pixabay.

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