PIXY Stock: 7 Things to Know About Red-Hot ShiftPixy

Today, ShiftPixy (NASDAQ:PIXY) is one of the top movers in the market. Currently, PIXY stock has soared more than 30% on very impressive volume.

A line of people holding resumes, as if at a staffing agency.

Source: Shutterstock

This trending stock has garnered a tremendous amount of attention this week. On a week-to-date basis, ShiftPixy has more than doubled, signaling retail investors may not have lost their mojo altogether, after all.

This stock has generated tremendous interest on popular social media sites, creating some serious near-term momentum. A little-known stock with a market capitalization under $50 million (even after today’s rise), ShiftPixy has become a stock many investors may want to know more about.

Let’s dive into what investors are watching with this company.

What to Know About PIXY Stock

  • ShiftPixy is a company focused on creating value in the gig economy.
  • Along with its subsidiaries, ShiftPixy provides a range of staffing solutions to U.S.-based clients.
  • Given the pandemic, flexibility has become important for many companies in finding HR solutions.
  • Accordingly, ShiftPixy’s focus on part-time workers has become very relevant for investors.
  • Furthermore, the company provides its clients with an HR information systems platform to onboard new clients.
  • Currently, ShiftPixy focuses primarily on the restaurant and hospitality services industry.
  • Despite an impressive near-term run, on a year-to-date basis, PIXY stock remains down approximately 40%.

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On the date of publication, Chris MacDonald 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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