FaZe Holdings Inc. FAZE shares are trading higher Tuesday after the company announced a multi-million dollar esports sponsorship deal.
The Game-Changing Deal:
In a groundbreaking move, Rollbit will ascend to the status of a global partner of FaZe Clan’s Counter-Strike team, presently sitting atop the CS2 Valve World Ranking chart.
“We believe this marks one of the largest sponsorship deals in the history of Counter-Strike and esports, as brands like Rollbit seek innovative ways to captivate vast, deeply engaged global audiences,” articulated Erik Andersen, FaZe Clan’s president.
In the wake of this announcement, FaZe shares are surging on an exorbitant trading volume, with more than 100 times the average volume of the stock already traded in the session. According to meticulous data from Benzinga Pro, a staggering 127.3 million shares have been exchanged, contrasting with the stock’s 100-day average volume of just over 768,000 shares.
Related News: What’s Happening With Snowflake Stock?
FAZE Price Action: According to Benzinga Pro, FaZe Holdings shares are up 118% at 34 cents at the time of publication.
Image: Timur Kozmenko from Pixabay
