Add surging Plug Power to the list of stocks seeing big speculative trading right now

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Shares of Plug Power are surging, with social media users taking to sites like Reddit to discuss the stock's price action.

On Wednesday, absent any news such as quarterly earnings results that could conceivably drive the stock higher, shares of Plug Power rose more than 7%, after gaining 9.7% on Tuesday. In the last 6 months the stock has jumped 129%; in the last year 203%."I cashed on SPCE, got out a little early but had huge gains. And I'm in the haul for PLUG," Reddit user kashflowz said, while Heydanu wrote "Sold of 50% SPCE for a big win. Bought a lot of PLUG.

To be sure, the recent surge is showing signs it may be detached from reality. With this week's gains, the stock is now well above the $4.86 average 12-month forecast for analysts, according to FactSet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How about find a money losing speculative stock that isnt surging. If anything the market has taught is that he who spends and loses the most money owns the world Powell for President

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU challenges Zuckerberg on Facebook's power to undermine democracy - Business InsiderMark Zuckerberg struggles to curry favor with the EU, with skeptical lawmakers questioning Facebook's dominance and the spread of coronavirus misinformation 😂😂😂😂 If Facebook wants to be respected it must stop misinformation from spreading via FB and Twitter... Facebook if your tired of the barrage. Let me know I have a website idea that can help.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Alphabet is shutting down Makani, power-generating kite company - Business InsiderGoogle's parent company is shutting down power-generating kite subsidiary Makani: 'The road to commercialization is longer and riskier than hoped' What a surprise....
Source: BusinessInsider - 🏆 729. / 51 Read more »