Why Is Unique Fabricating (UFAB) Stock Up 95% Today?

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  • Unique Fabricating (UFAB) stock is rising without news.
  • Instead, heavy trading is sending shares higher on Wednesday.
  • However, UFAB may give up some of its gains throughout the day.
UFAB Stock - Why Is Unique Fabricating (UFAB) Stock Up 95% Today?

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Unique Fabricating (NYSEMKT:UFAB) stock is on the move Wednesday despite a lack of news from the plastic fabrication company.

Instead, it looks like speculative traders are sending the stock higher today with heavy trading. As of this writing, more than 9 million shares of the company’s stock have changed hands. To put that in perspective, the daily average trading volume for UFAB stock is 1.4 million shares.

Considering the lack of news today, it’s likely UFAB stock is getting pumped up by traders. That means investors could see the stock fall throughout the day once normal trading starts. That means any investment in the company is a risky one.

That also comes from the fact that UFAB is a penny stock. Penny stocks are much more volatile due to how easily traders can manipulate them. In this case, it comes from Unique Fabricating’s low price of 18 cents and market capitalization of $2.112 million.

What to Know About UFAB Stock

Unique Fabricating is a plastic fabrication company that was founded back in 1975. The company operates out of its headquarters in Auburn Hills, Michigan. Shares of UFAB stock started trading in July 2015 through an initial public offering.

UFAB stock is up 94.5% as of Wednesday morning.

Investors seeking all of the latest stock market news will want to keep reading!

InvestorPlace is home to all of the biggest stock market stories traders need to know about on Wednesday! That includes the biggest pre-market stock movers this morning, meme stocks to watch, and more. You can find all this news at the following links!

More Wednesday Stock Market News

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.


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