Fantex, Inc. (OTCMKTS:EJMLL – Get Free Report)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.00 and traded as high as $1.00. Fantex shares last traded at $1.00, with a volume of 100 shares trading hands.
Fantex Stock Up 100.0%
The stock has a 50 day moving average price of $1.00 and a 200 day moving average price of $1.00.
About Fantex
Fantex was a financial technology company that developed a platform for investing in the future earnings potential of professional athletes and other public figures. The company’s business model centered on “brand contracts,” securities designed to provide investors with an economic interest linked to an individual’s brand-related income.
Through its platform, Fantex entered into agreements with athletes and offered securities associated with those agreements. The company’s activities included structuring, marketing and administering these offerings, with proceeds and payments generally tied to income sources such as endorsements, appearances and other commercial opportunities.
Fantex’s operations were primarily focused on the United States.
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