Social Reality Inc (NASDAQ: SRAX) is having a strong start to the trading session this morning, and for good reason. The company announced the release of the Alpha version of its consumer data management and distribution system. Of course, this led to excitement among investors, sending the stock on a run upward. Today, we’ll talk about the news, what we’re seeing from the stock, and what we’ll be watching for with regard to SRAX ahead.
SRAX Heads Up On Blockchain News
As mentioned above, Social Reality is having a strong start to the trading session this morning after announcing the release of the Alpha version of its consumer data management and distribution system. In the release, the company said that the release is currently limited by invitation to a group of users.
In the release, SRAX said that the announcement represents the first direct engagement for BIG, the company’s blockchain identification graph platform, with users and the next step in creating the first consumer-powered data marketplace where people will own, verify and sell access to their data. In a statement, Christopher Miglino, CEO and Chairman at SRAX, had the following to offer:
The release of BIG in Alpha is an exciting step in our efforts to build a consumer application and secure data management system with a rewards component. BIG will benefit everyone in the Internet ecosystem and deliver an advantage to our advertising clients, while improving the online experience for consumers.
What We’re Seeing From The Stock
As investors, one of the first lessons that we learn is that the news moves the market. In this particular case, the news proved to be overwhelmingly positive. So, it’s no surprise to see that investors are pushing Social Reality for the top. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:34), SRAX is trading at $4.48 per share after a gain of $0.16 per share or 3.70% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on SRAX. In particular, we’re interested in following the story surrounding the company’s move to make a revolutionary change to the internet with blockchain technology. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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