Why Clubhouse Media Group's Stock Is Trading Lower Today

Clubhouse Media Group CMGR shares traded lower on Tuesday.

The company traded higher on Monday after being confused for “Clubhouse” an invitation-only audio-chat social networking app launched in 2020 by software developers Alpha Exploration.

Clubhouse Media is a company that's involved in influencer marketing and media that includes management, production and deal-making services.

Shares of Clubhouse Media Group are down 37% to $8.13 at publication time Tuesday. The stock has a 52-week high of $17.99 and a 52-week low of $0.05