BTC Digital's stock doubles on heavy volume after ticker change 'better reflects' its business

📆 29/09/2023 1:44 p. m.
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It took a ticker symbol change to generate investor interest in BTC Digital Ltd.'s stock, which doubled on heavy volume on Friday.

Changing the name wasn’t enough. It took a change in the ticker symbol to generate investor interest in BTC Digital Ltd.’s stock, which doubled on heavy volume on Friday.

The stock BTCT, +74.88% rocketed 100% in midday trading, paring an earlier premarket gain of as much as 393%. Trading volume ballooned to 6.1 million shares, compared with the full-day average over the past 30 days of about 57,400 shares. “The company’s management believes that ‘BTC Digital Ltd.’ better reflects the company’s current business operations,” the company said in a statement.

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BTC Digital's stock rockets after ticker change 'better reflects' its businessIt took a ticker symbol change to generate investor interest in BTC Digital Ltd.'s stock, which more than tripled on heavy volume ahead of Friday's open.
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