Agape ATP (NASDAQ:ATPC) stock is rocketing higher on Tuesday despite a lack of news from the health and wellness investment holding company.
There are no new press releases or filings with the U.S. Securities and Exchange Commission (SEC) that explain why shares of ATPC stock are on the rise today. On that same note, no analysts are offering news coverage of the shares on Tuesday.
What investors are seeing is heavy trading of ATPC stock on Tuesday morning. That has more than 13 million shares changing hands as of this writing. To put that in perspective, Agape ATP’s daily average trading volume is closer to only about 112,000 shares.
One thing that traders will keep in mind about ATPC is that it’s a penny stock. That comes from its low closing price of just 51 cents on Monday and market capitalization of around $39 million.
How That Affects ATPC Stock Today
It may be that Agape ATP is seeing such heavy trading today due to its penny stock status. Companies like this are oftentimes targeted by retail and day traders for pump and dumps.
If that’s the case, it makes ATPC stock a risky investment this morning. While the shares are still up right now, it might not be long before they give up those gains and traders start seeing red.
ATPC stock is up 98% as of Tuesday morning.
Investors seeking out even more of the most recent stock market stories will want to stick around!
We have all of the hottest stock market news that traders need to know about on Tuesday! That includes the biggest pre-market stock movers this morning, the latest word from AMC Entertainment’s (NYSE:AMC) CEO and more. All of that is ready to go at the links below!
More Tuesday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- AMC Stock: Adam Aron Says That Hollywood Strikes Ruined the Early 2024 Box Office
- Bloom Energy (BE) Stock Drops 5% on Bank of America Downgrade
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 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.
