One of the stocks to have been in focus in the markets over the course of the past two weeks or so is DSG Global Inc (OTC: DSGT). The stock has moved strongly during that period and has rallied by as much as 335%. The rally continued on Wednesday as the DSGT stock jumped by another 55%.
The genesis of this remarkable rally in the DSGT stock possibly lies in a major announcement made by the company on December 17. DSG announced that through the last two weeks of 2020, it is going to receive shipments of the new orders of electric vehicles.
The dates of the arrival had already been set and the decision to place these orders was rooted in the fact that DSGT recognized the rising demand for electric vehicles.
The company placed a large order for Skywell Buses and Jonway TerraE Truck. It proved to be a major boost for the stock and it remains to be seen if the DSGT stock can continue to add to its gains today.