Rubicon Technologies (NYSE:RBT) stock is climbing higher on Wednesday despite a lack of news from the waste recycling digital marketplace company.
There’s been no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why shares of RBT stock are up today. Likewise, no analysts are offering new coverage of the stock that would result in today’s rally.
However, investors will note that shares of RBT stock are seeing heavy trading today. As of this writing, more than 4.2 million shares of the company’s stock have changed hands. That’s already well above its daily average trading volume of around 2.9 million shares.
One thing investors will want to keep in mind about this is RBT stock’s price. The company’s shares traded for $1.22 when markets closed on Tuesday. That low entry price may be allowing retail investors to pump up shares without clear news.
What Is RBT Stock All About?
Rubicon Technologies operates a digital marketplace for waste recycling services. The company also supports waste recycling businesses, governments, and other organizations, with its cloud services.
Rubicon Technologies was founded in 2008 and operates out of Lexington, Ken. The company went public last year through a special purpose acquisition company (SPAC) merger. It currently has around 434 employees.
RBT stock is up 31.9% as of Wednesday morning.
Investors keeping an eye out for all of the hottest stock market news are in luck!
We have all of the biggest stock market stories that traders need to know about on Wednesday! Among these is what’s moving shares of Crown ElectroKinetics (NASDAQ:CRKN) stock, the biggest pre-market stock movers this morning, and more. All of that news is ready to go at the links below!
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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.
