Visionary Education Tech (NASDAQ:VEDU) stock is rocketing higher on Tuesday despite a lack of news from the company.
There have been no new press releases or filings with the U.S. Securities and Exchange Commission (SEC) that explain why VEDU shares are rising today. Likewise, no new analyst coverage seems to have caused the stock to rally today.
Instead, investors can look to the trading activity of VEDU stock for an explanation. As of this writing, more than 4.2 million shares have changed hands. That’s a massive amount of trading compared to its daily average trading volume of about 98,000 shares.
Investors will also want to keep in mind that VEDU stock closed out trading on Monday at 41 cents per share. It also only has a market capitalization of around $16 million as of this writing. Both of these factors firmly place VEDU in penny stock territory. As such, it’s subject to extreme volatility from retail traders.
What Is Visionary Education Tech Stock?
Visionary Education Tech is a Canadian education company founded in 2013. The company is still incredibly new to the public market following its initial public offering (IPO) in May 2022. That $17 million IPO saw the company’s stock start trading for $4 per share.
VEDU stock is up 54.9% during pre-market trading on Tuesday. Investors will note that the stock is already losing ground, as it was up as much as 85% earlier this morning.
There’s even more stock market news traders will want to know about below!
We’ve got all of the hottest stock market news investors will want to read up on for Tuesday! That includes the biggest pre-market stock movers this morning, the latest news concerning Sono Group (NASDAQ:SEV) and more. All of that is ready to go at the following links!
More Tuesday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- SEV Stock: There Are No Sono Motor Shares Available to Short
- Dear AITX Stock Fans, Mark Your Calendars for June 6
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Read More: Penny Stocks — How to Profit Without Getting Scammed
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.
