LBCC - Long Blockchain Corp. Does It Again: Blockchain Announcement Increases Stock by 20%

Long Blockchain Corp. (NASDAQ:LTEA), formerly known as Long Island Iced Tea Corp., seems to have impressed investors again with its appointment of two blockchain-involved leaders to its Board of Directors. As a result, the company has experienced a 20% stock increase.

Currently, at the time of writing, Long Blockchain stock is trading at $6.17, putting it up $1.07, or 20.98%, from the previous closing price of $5.10. The company’s last big announcement, that it might be getting involved with blockchain (thus the name change), caused the stock to increase by over 200%. After a few days, ...