Blue Star Foods (NASDAQ:BSFC) stock is rallying higher on Monday as investors prepare for its presentation at the ClearThink IR Virtual Live event this week.
Blue Star Foods CEO John Keeler will appear during the event on Feb. 1, 2023, at 12:00 p.m. Eastern Time. The event sees a different CEO showing up every Wednesday for a “fireside chat” and question and answer session.
While it’s unclear what Keeler intends to discuss during the event, investors are anxious to find out. These types of events typically focus on the company’s product or service offerings, as well as strategic initiatives.
What About BSFC Stock?
With the increasing interest in BSFC stock today comes heavy trading of the company’s shares. As of this writing, more than 11 million shares of the company’s shares have changed hands. To put that in perspective, the company’s daily average trading volume is only a fraction of that at 92,000 shares.
Of course, investors will also keep in mind that BSFC is a penny stock. It only traded for 38 cents at Friday’s close and the company’s market capitalization is $12.976 million. This means it’s susceptible to volatility as traders pump and dump shares. That could be part of the reason behind its 34.2% gain Monday morning, as well as its incredible increase in pre-market trading hours today.
Investors checking in for all of the hottest stock market news are in the right place!
InvestorPlace offers up all of the most recent stock market coverage traders need to know about on Monday! Among that is what’s happening with shares of big tech stocks, Heart Test (NASDAQ:HSCS), and Alibaba (NYSE:BABA). You can read up on all that news at the links below!
More Monday Stock Market News
- Big Tech Earnings Alert: Major Moves Ahead for AAPL, AMZN, META, GOOG This Week?
- Why Is Heart Test (HSCS) Stock Up 135% Today?
- Why Is Alibaba (NYSE:BABA) Stock Down 5% Today?
On Penny Stocks and Low-Volume Stocks: 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
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.