Home Equities Score What Is The Reason For GreenBox (GBOX) Stock Rallying In Pre-Market?

What Is The Reason For GreenBox (GBOX) Stock Rallying In Pre-Market?

In premarket trading hours, GreenBox POS (NASDAQ: GBOX) rose 5.34% to $11.24 on the last check Thursday. GreenBox stock gained 1.81% to close at $10.67 in the last trading session. The GBOX stock ranged between $10.21 and $10.85. GBOX stock has been rising on a number of new developments reported yesterday.

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Recent developments:

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Emerging financial technology company GreenBox builds personalized payment solutions using proprietary blockchain security. GBOX’s applications dramatically reduce fraud and improve efficiency of processing large-scale commercial processing volumes for its clients worldwide.

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The GreenBox transaction volume has grown by 140% sequentially from $131 million in the fourth quarter 2020 to a record $315 million during the first quarter 2021, GBOX shared in press release yesterday. GBOX also revealed it would release financial results for the first quarter of 2021 after the market closes on Thursday, May 13, 2021.

A conference call will be held by GreenBox management on Thursday, May 13 at 4:30 p.m. Eastern time to discuss the company’s first-quarter financial results for 2021. Participants will be able to ask questions at the end of the call.

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What else?

In a step to improve the GBOX’s governance and knowledge pool relating to banking services, government relations, and acquisition executions, the GreenBox (GBOX) announced the appointment of Dennis James, a seasoned banker, to its Board of Directors.

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