theglobe.com (OTCMKTS:TGLO) Shares Up 15.6% – What’s Next?

theglobe.com Inc. (OTCMKTS:TGLO) shares shot up 15.6% during mid-day trading on Wednesday . The company traded as high as $0.37 and last traded at $0.37. 5,000 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 28,990 shares. The stock had previously closed at $0.32.

theglobe.com Stock Performance

The business’s 50-day moving average price is $0.44 and its two-hundred day moving average price is $0.31.

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.