Camber Energy (NYSEAMERICAN:CEI) stock is running higher on Tuesday despite a lack of news concerning the company.
Instead, it’s another case of retail investors jumping into the stock in an effort to push prices higher. Shares prices were doing well in pre-market trading and continued to rise this morning. We saw a dip partway through the morning. However, shares appear to be on the upward trend again as of this writing.
So what does this mean for CEI stock investors? Expect more volatility throughout the day as retail traders continue to pump and dump the stock today. That means we might see several more dips and rises before the day is done.
Investors looking to jump into CEI stock today will want to be careful about doing so. There’s no guaranteeing when this pump and dump will come to an end. Join the rally at the wrong time and you could be left holding the bag while others run with the profits.
Of course, retail traders bring heavy trading of CEI stock with them today. As of this writing, more than 439 million shares of the stock have changed hands. To put that in perspective, the company’s daily average trading volume is about 79 million shares.
CEI stock was up 6.3% as of Tuesday morning and is up 194.4% since the start of the year.
There’s more hot stock market news worth looking into below!
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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.
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