SGOCO Group (SGOC) Goes Nuts on a Rumor
Tweet
Share
E-mail
SGOCO Group (Nasdaq: SGOC) is up an insane 228 percent today on vague rumors of a deal with Samsung.
While momentum traders are carrying the name today, shorts are licking their chops as the rumor likely has no merit. However, with a small float, shorting can be tricky.
Volume is nearly 2 million shares today, versus a normal day of 9K.
While momentum traders are carrying the name today, shorts are licking their chops as the rumor likely has no merit. However, with a small float, shorting can be tricky.
Volume is nearly 2 million shares today, versus a normal day of 9K.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Palo Alto's Arora Explored Acquiring Datadog - Information
- Trump says to rename Lake Ontario to Lake America
- Banks Moving Forward With Global Stablecoin Consortium - WSJ
Create E-mail Alert Related Categories
Momentum Movers, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
