Aditxt (NASDAQ:ADTX) stock is rocketing higher on Thursday despite a lack of news from the biotechnology company.
No new press releases or filings with the Securities and Exchange Commission (SEC) explain why ADTX stock is up today. On that same note, no analysts are offering new coverage of the shares that would cause today’s rally.
However, traders will note that ADTX stock is seeing massive trading on Thursday morning. As of this writing, more than 1.8 million shares of the company’s stock have changed hands. To put that in perspective, its daily average trading volume is closer to 183,000 shares.
One thing that investors will want to keep in mind is that ADTX is a penny stock. This comes from its low closing price and market capitalization of $3.50 per share and $1.546 million when markets closed yesterday.
What That Means for ADTX Stock
Being a penny stock opens Aditxt’s shares up to certain vulnerabilities. Among these are manipulation from certain traders seeking to pump and dump the stock. That could be what’s happening with its share price and movement this morning.
All of this is to say that investors will want to be careful about taking a stake in ADTX stock this morning. The rally may not hold, and they wouldn’t want to be left holding the bag.
ADTX stock is up 70.1% as of Thursday morning but was down 94.5% year-to-date when markets closed yesterday.
Investors who are seeking out even more of the latest stock market news are in the right place!
We have all of the hottest stock market happenings worth reading about on Thursday! That includes a look at the biggest pre-market stock movers this morning, the latest news concerning SoFi Technologies (NASDAQ:SOFI) and more. All of that info is ready to go at the links below!
More Thursday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday
- SOFI Stock Alert: SoFi Exits Crypto Business
- ROVR Stock Alert: Blackstone Just Bought Rover for $2.3 Billion
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 risks.
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.
