(24/7 MARKET NEWS) –Genius Group’s (NYSE American: GNS) plans to spinoff its $37 million Entrepreneur Resorts subsidiary, follows last week’s announcement that it created a comprehensive action plan to address illegal naked short selling of its stock.
Genius is trading at $4.74, up $0.79 (20.00%), on 840 thousand shares.
Its 52-week range is $0.301 to $36.7499. If it can take out last week’s high and trade in the $6.40 level, on strong volume, its setup is favorable for a potential run to the $10+ levels.
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