Aterian (NASDAQ:ATER) stock is on the rise Wednesday as retail and meme stock traders pump it higher despite a lack of news.
ATER stock running higher has it joining several other meme stocks on the move this week. However, investing in these stocks can be risky. First of all, meme rallies can result in major drops that could hurt investors. Secondly, they typically target penny stocks, which are easily manipulated for pump and dump schemes.
That could be what’s happening today as ATER stock experiences heavy trading. As of this writing, more than 39 million shares of the stock have changed hands. That’s a massive increase over its daily average trading volume of about 4.4 million shares.
Keeping that in mind, let’s take a look at what traders are saying about ATER stock today.
ATER Stock Twitter Talk
$ATER was just $20 not to long ago so why shouldn’t it bounce right back? I’m in for a solid swing.
— The Barter Guy (@barter_better) September 8, 2021
$ATER added more at 8.06 .. still looks great for a move north of 10. 36 mil volume vs 24mil float today, and has maintained this momentum. Exit if that support trendline is broken.
— Parabolic Tradez (@ParabolicTradez) September 8, 2021
Doesn't matter that I saw this coming. I didn't capitalize on it.
When a stock is WAY WAY WAY oversold its worth looking at.
— jeremy day (@jeremymday) September 8, 2021
Now let’s take a peak at what traders on Reddit are saying about ATER stock today!
ATER Stock Reddit Chatter
“I got in shares (not calls) of BBIG and ATER today. Either or both of those could blow up. Neither look like long term investments, but the calls are outrageously expensive.” — PortGlass
“I have made quite a big on ATER. I keep selling and buying after it dips. I am afraid I am eventually going to get burned.” — MelodicDaisy
“ATER is bouncing around, with a ceiling of $8. Manipulated? Looking to sell today.” — Earthquakeweather999
ATER stock was up 15.5% as of Wednesday afternoon.
We’ve got more hot stock stories for traders to dive into below!
There’s loads of stock news today that traders will want to know about. A few examples include what has shares of Sphere 3D (NASDAQ:ANY) stock running higher, why solar stocks are on the move, as well as the catalyst behind Coinbase (NASDAQ:COIN) dipping. You can get up to speed on all these topics at the links below!
More Wednesday Stock Market News
- ANY Stock Spikes as Sphere 3D Is Called the “Ultimate Bitcoin Merger Play”
- Solar Power Stocks: The 45% Plan Putting ISUN, ARRY, SPWR, FSLR Stocks in the Sun Today
- Hey COIN Stock Investors! Here’s What to Know About the Coinbase SEC News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks. Read More: Penny Stocks — How to Profit Without Getting Scammed