GNUS - Why Genius Brands Stock Jumped 7% Today
Genius Brands International (NASDAQ: GNUS) finished the day up 7.3% on Monday, closing at $0.805 per share. The penny stock had been up 13% at around 1 p.m. ET to $0.85 before dropping. The stock is down about 23% year to date.
It is not clear what drove the stock higher, although streamers Roku and RedBox Entertainment were also up big.
Genius Brands is a children?s entertainment and media company, best known for its streaming Kartoon Channel, shows like Rainbow Rangers, and the rights to Stan Lee?s name as well as the intellectual property of Lee?s non-Marvel characters. These are not the characters you may know and love from the big screen but ones you are probably not familiar with.
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Why Genius Brands Stock Jumped 7% Today