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Actionable news in KBSF: KBS FASHION GROUP LIMITED,

A menswear retailer's stock, KBS Fashion, is having a bitcoin-moment--surging almost 400%

KBS Fashion Group Ltd., a tiny company that manufactures and sells casual menswear and is headquartered in China, on Wednesday saw its shares surging almost 400%. The reason for the rally couldn't be determined, but KBS KBSF, +399.00% founded by Anna Polemis on Jan. 26, 2012, has gained a whopping 470% so far this month. In other words, its market value at the start of the month, at $4.1 million, has sextupled to about $24 million in most recent trade, according to FactSet data. KBS's stock trades on the Nasdaq Inc. NASD Year to date, the retailer's shares are only up about 180% , with KBS Fashion's gyrations reminiscent of the volatility typically observed in assets like bitcoin BTCUSD, +3.10% which is up more than 600% so far in 2017. By comparison, the Dow Jones Industrial Average DJIA, +0.00% is up about 19%, the S&P 500 index SPX, +0.14% has gained about 16%, while the Nasdaq Composite Index COMP, +0.31% has returned about 26% thus far in 2017.


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