Amprius (NYSE:AMPX) stock is on the move Thursday as investors wonder if it could be the next big short squeeze.
Investors on Twitter (NYSE:TWTR) are discussing the potential for a short squeeze of AMPX stock. While it’s possible this could happen, there are other reasons that could explain why shares of the company’s stock are up today.
For example, Amprius recently made its proper public debut last week after transitioning from a special purpose acquisition company (SPAC). It’s incredibly likely the stock will continue to be volatile following that change. Adding to that, the company’s leaders rang the opening bell for trading this morning.
However, investors have also noted a recent rise in the stock. That includes a rally yesterday despite a lack of news concerning the company. This could be an early sign of a short squeeze or simply volatility after its public debut.
One thing worth noting today is the daily average trading volume of AMPX stock. As of this writing, the battery company’s shares have traded more than 5 million units. That’s still below its daily average trading volume of nearly 8 million shares.
Investors looking for a short squeeze target will want to keep an eye on AMPX stock in the coming days. While shares are already up 13% as of Thursday morning, there could be room for further growth its a squeeze occurs.
Investors searching for the latest stock market news are in luck!
InvestorPlace has all of the hottest stock market news traders need to know about for Thursday! That includes what has shares of Canoo (NASDAQ:GOEV), Robinhood (NASDAQ:HOOD), and Accenture (NYSE:ACN) stock moving today. You can get up to speed on all of this at the following links!
More Stock Market News for Thursday
- CEO Tony Aquila Is Doubling Down on Canoo (GOEV) Stock
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- What Is Going on With Accenture (ACN) Stock Today?
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.
