MGO Global (NASDAQ:MGOL) stock is on the move Tuesday morning following the company’s initial public offering (IPO) last week.
MGOL stock made its public debut on Friday, which saw shares begin trading on the Nasdaq. The IPO price saw shares start at $5 each and included a total of 1.5 million shares. MGO Global collected proceeds of $7.5 million from the offering.
Investors will note that MGOL stock saw incredible volatility when shares started trading on Friday. The stock surged above $16 per share during its debut but couldn’t maintain that price, closing out trading at $4.65 per share.
What’s MGOL Stock All About?
MGO Global’s focus is on its lifestyle brand portfolio. This has it leveraging the fame and influence of athletes, entertainers and other icons to sell products like apparel to consumers.
Stock movement for MGOL shares today starts with some 2 million shares on the move as of this writing. That’s not a bad start to the day and appears to be why shares are climbing higher in pre-market trading. For the record, some 14 million shares changed hands on Friday.
MGOL stock is up 37.2% as of Tuesday morning.
Investors looking for all of the hottest stock market news today will want to keep reading!
We’ve got all of the most recent stock news traders need to know about on Tuesday! Among that is what’s happening with shares of Calyxt (NASDAQ:CLXT) stock, this morning’s biggest pre-market stock movers and more. You can find out all about these matters at the links below!
More Tuesday Stock Market News
- Why Is Calyxt (CLXT) Stock Up 140% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- MULN Stock Alert: Mullen Still Hasn’t Filed Its Form 10-K
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On the date of publication, William White did not hold (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.