24/7 Market News Snapshot 21 November, 2024 – SurgePays, Inc. Common Stock (NASDAQ:SURG)

November 21, 2024

DENVER, Colo., 21 November, 2024 (247marketnews.com) – (NASDAQ:SURG) are discussed in this article.
SurgePays, Inc. (SURG) has announced a significant upward movement in its stock price, opening today at $1.62 and reaching a high of $1.75, marking a notable increase of 19.86% from its previous close of $1.46. This surge reflects a growing interest from investors, with current trading volume at 611.10K, indicating active market participation and potential for volatility. Analysts observe that the stock appears to be breaking through key resistance levels, which could indicate the establishment of a bullish trend if this momentum is maintained. Support remains at $1.62, with additional gains likely depending on continued buying pressure.

In conjunction with this market activity, SurgePays is excited to unveil a transformative partnership with AT&T, allowing the company to provide an extensive array of mobile wireless, voice, data, and messaging services. This multi-year mobile virtual network operator (MVNO) agreement means SurgePays customers will benefit from reliable 4G LTE and 5G services through AT&T’s extensive network infrastructure.

Brian Cox, Chairman and CEO of SurgePays, emphasized the significance of this collaboration, stating that it represents a pivotal development for the company as it strives to cater to underserved markets seeking dependable wireless services. The partnership also enables SurgePays to assist other businesses in offering high-quality MVNO services, broadening its reach into diverse customer segments through its established distribution channels, including convenience stores and local retailers.

With the strategic hiring of Joseph Gomez as Vice President of MVNO Operations, SurgePays is well-positioned to enhance its wireless strategy and drive market share growth. This agreement not only underscores SurgePays’ commitment to changing the telecommunications landscape but also aims to create value for its shareholders as the company embarks on this exciting new chapter.

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