Why Is Pop Culture Group (CPOP) Stock Up 84% Today?

Core Insights - Pop Culture Group (NASDAQ:CPOP) reported a significant revenue increase of 113% year-over-year, reaching $24 million for the last six months of 2023 compared to$11.25 million in the same period of 2022 [1] - The company achieved a consolidated gross profit of $1.78 million, a notable recovery from a loss of$2.34 million during the same timeframe in 2022 [1] - The online brand marketing and promotion business of Pop Culture Group experienced a remarkable growth of over 280% compared to the previous fiscal year [2] Stock Performance - CPOP stock saw a substantial increase of 84% on Thursday morning and has risen 177.7% since the beginning of the year [3] - The trading volume for CPOP stock exceeded 63 million shares, significantly higher than the average daily trading volume of approximately 2.6 million shares [3]