Appreciate Holdings (NASDAQ:SFR) stock is taking off on Monday despite a lack of news from the proprietary online marketplace operator.
Instead, shares of SFR stock rising today as they continue a rally that started on Friday. This saw the company’s shares jump a massive 219.2% during normal trading hours on Friday. That came as some 12.3 million shares changed hands. The company’s daily average trading volume is around 479,000 shares.
With that context, shares of SFR stock are continuing to see heavy trading during pre-market trading on Monday. This has some 4.4 million shares of the company’s stock being traded as of this writing.
What to Know About SFR Stock
One thing that traders will want to keep in mind is SFR being a penny stock. This comes from its market capitalization of $72.38 million and share price of $1.50 when markets closed on Friday. That means the company is more susceptible to volatile movement from heavy trading.
Appreciate Holdings was founded in 2007 and went public in November 2022. The company merged with RW National Holdings for its public listing. That means the company’s shares haven’t been publicly listed for long.
SFR stock is up 27.3% in pre-market trading on Monday!
Investors looking for more of the most recent stock market news are in the right place!
InvestorPlace is home to all of the hottest stock market news traders need to know about on Monday! Among that is what has shares of Tempo Automation (NASDAQ:TMPO) stock up, the biggest pre-market stock movers this morning, and more. You can find out more on these matters at the links below!
More Monday Stock Market News
- Why Is Tempo Automation (TMPO) Stock Up 114% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
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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 risk.
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.
