Grom Social Enterprises recovering from recent $5M Public Offering

(24/7 MARKET NEWS) – Grom Social Enterprises, Inc. (NASDAQ: GROM) dropped by about 50% two weeks ago, when it announced an of approximately $5.0 million underwritten public offering. It looks like it will try to fill in the gap that was created by that announcement.

Net is trading higher in this morning’s premarket, at $1.82, up $0.31 (+20.53%), on 3.4 million shares traded.

Its 52-week range is $1.15 to $15.00. Its next inflection points are $2.00 and $2.30, today’s premarket high. If it can break through the $2.30 level, on strong volume, it has a favorable setup for a potential run to the $3 level.

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