SPECIAL REPORT The Top 7 Stocks for 2024

Why Is Collective Audience (CAUD) Stock Up 37% Today?

Advertisement

  • Collective Audience (CAUD) stock is rising alongside heavy trading on Monday.
  • That’s despite a lack of news from the marketing company.
  • Investors will remember that CAUD only went public earlier this month.
CAUD Stock - Why Is Collective Audience (CAUD) Stock Up 37% Today?

Source: My Life Graphic/Shutterstock.com

Collective Audience (NASDAQ:CAUD) stock is gaining on Monday even without any clear news from the marketing company.

That includes a lack of press releases or filings with the Securities and Exchange Commission (SEC) that would explain today’s gains. On that same note, no analysts are offering new coverage of the company that would act as a catalyst for today’s movement.

One thing that investors will note is that CAUD stock is seeing heavy trading on Monday mornings. As of this writing, more than 1.1 million shares of the stock have changed hands. For comparison, the company’s daily average trading volume is about 149,000 shares.

What to Know About CAUD Stock

Investors will also want to keep in mind that Collective Audience is still incredibly new to the public market. The company’s shares made their public debut on Nov. 3.

Collective Audience went public through a special purpose acquisition company (SPAC) merger with Abri SPAC I and DLQ, Inc. That saw the combined company’s shares start trading under the CAUD stock ticker and changing its name to Collective Audience.

CAUD stock is up 37.4% as of Monday morning. That builds on a 29.7% gain on Friday.

Investors who are looking for even more of the most recent stock market news will want to stick around!

We have all of the hottest stock market stories that traders need to know about on Monday! Among that is why shares of SenesTech (NASDAQ:SNES) stock are up today, the biggest pre-market stock movers for Monday morning and more. You can catch up on all of this news by checking out the links below!

More Stock Market News for Monday

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.


Article printed from InvestorPlace Media, https://investorplace.com/2023/11/why-is-collective-audience-caud-stock-up-37-today/.

©2024 InvestorPlace Media, LLC