FuelCell Energy (NASDAQ:FCEL) stock is on the move Monday despite a lack of news concerning the fuel cell development and manufacturing company.
So why exactly is FCEL stock heading higher today? It looks like chatter on social media is behind the stock’s rally today. That’s not uncommon for the stock as it’s a favorite of retail traders. Plus, its lower entry price makes it easy for pump and dumps.
Traders seeing today’s hype will want to be careful about jumping in on FCEL stock. Sure, prices are trending higher now, but there’s no guarantee that will last. We could see a fall later today once the excitement dies down.
Even so, there’s no denying the extra activity surrounding the stock. As of this writing, some 91 million shares have been traded. That’s quite the increase over the stock’s daily average trading volume of about 23 million shares.
Let’s check in on what Reddit has to say about FCEL stock today.
FCEL Stock Reddit Chatter
“$FCEL what the fuck? I’m not complaining at all, but holy shit. +16% on a Monday, hell yes.” — Downside_Up_
“$FCEL! Yay, my bags are gone. Now, what to do with these hands…” — crazyyimmy
“y’all jerking off to RIOT & SOFI up 5%……..FCEL +15% since open.” — soup-to-nuts
“FCEL and PLUG are hot right now and look like they’ll keep climbing.” — LarrysBets_76
“Man o man… FCEL just about to break out… u better be on that train!!” — famictech2000
FCEL stock is up 16.2% as of noon Monday.
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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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