AgileThought (NASDAQ:AGIL) stock is rising on Tuesday despite a lack of news from the digital transformation services company.
There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why the stock is rising. On that same note, no analysts are offering new coverage of the stock that would cause today’s rally.
Despite all of this, shares of AGIL stock are climbing higher on heavy trading today. As of this writing, more than 6.6 million shares of the company’s stock have changed hands. That’s well above its daily average trading volume of about 3.5 million shares.
AGIL Stock Bankruptcy
It’s worth pointing out that AgileThought is currently going through a bankruptcy. The company filed a voluntary bankruptcy as part of a restructuring plan. It did so a couple of weeks ago with plans to exit the bankruptcy after 90 days.
It’s completely possible that shares of AGIL stock are rising today due to that filing. It’s not uncommon to see the stocks of companies that have filed for bankruptcy experience extreme volatility. That might be what’s going on with shares of AGIL stock this morning.
AGIL stock is up 25.5% as of Tuesday morning but was down 97% year-to-date as of Monday’s close.
Investors seeking out more of the latest stock market news are in luck!
InvestorPlace is home to all of the hottest stock market coverage for Tuesday! That includes the biggest pre-market stock movers this morning, the latest news concerning shares of BlackBerry (NYSE:BB) stock, and more. All of that info is available at the following links!
More Tuesday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- BB Stock Gains 15% After Launching BlackBerry Radar Devices
- Stock Market Crash Alert: Mark Your Calendars for Sept. 20
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.
