Why DatChat Inc. (DATS) stock soared in the after-markets on Wednesday?

DatChat Inc. (DATS) shares gained 10.35% in after-hours on Wednesday, December 01, 2021, and closed the daily trading at $4.05. However, in the regular trading session, DATS’s stock lost 3.67%. The stock volume remained 3.87 million shares. DATS shares have moved down 13.24% in the past week. Over the past three months, the stock has lost 50.34%. The company has a current market of $71.27 million and its outstanding shares stood at 15.33 million.

Let’s see what’s going on with DatChat?

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DATS participation at DCentral Con in Miami

DatChat, Inc (DATS), CEO, Darin Myman, provided a keynote presentation at DCentral Con in Miami. Additionally, the Company was an Emerald sponsor of the event.

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DCentral Miami event took place on November 30th through December 1st at the Miami Airport Convention Center. DatChat’s Emerald sponsorship of the event offered a booth on the exhibit floor, access to a demo stage, both a panel and solo keynote, and co-sponsorship branding of the official afterparty.

DATS new reward program

On November 30, 2021, DatChat, Inc. (DATS), announced the Nirad Points Rewards Program (NRD), with the first 1 million users receiving 10,000 NRD Points.

NRD Points can only be earned through participation, not purchased, and founders and employees of DatChat will receive no points that they do not earn through activity on the DatChat platform.

The Breakfast Club sponsorship

On November 12, 2021, DatChat, Inc. (DATS), announced its sponsorship of the Breakfast Club.

The Breakfast Club is national syndication by Premiere Networks and airs on nearly 100 stations nationwide. The partnership will increase visibility and exposure of the DatChat Social Network and Messaging Platform.

DATS launched Social Network+ Privacy Platform

On October 28, 2021, DatChat, Inc. (DATS), launched DatChat Social Network+, a social-networking focused expansion of the DatChat messaging platform. The newly-added features include content aggregation and discoverability, social engagement tools, a verified influencer platform and monetization tools, and an iMessage App with screenshot protection for pictures and messages.

DATS campaign at Barstool Sports brand

On October 15, 2021, DatChat, Inc. (DATS), announced a multi-channel, national marketing campaign across the Barstool Sports brand and select franchises.

According to the agreement, DatChat will serve as the Presenting Sponsor for multiple Barstool Sports brands, including BFFs, Chicks in the Office, Macrodosing, Plan Bri Uncut, and Son of a Boy Dad franchises.

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Well, there is no recent news that could be linked with its positive after-hours performance and we had no reason for its early loss on Wednesday. We hope that it will continue its momentum on Thursday as well.

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