Ainos (NASDAQ:AIMD) stock is rocketing higher on Friday alongside heavy trading of the healthcare company’s shares.
Investors will note that more than 8 million shares of AIMD stock have changed hands as of this writing. That’s already well above the company’s daily average trading volume of only about 18,000 shares.
It also bears mentioning that Ainos has not put out any new press releases of filings with the Securities and Exchange Commission (SEC) that explain today’s gains. The same holds true for analyst coverage with nothing new to report.
AIMD Stock Recently Avoided Delisting
One thing that could be helping out shares of AIMD stock is a delisting update from earlier this week. The company noted that it has avoided delisting by regaining compliance with the minimum bid price for the Nasdaq Exchange.
Today’s rally may be a delayed reaction to that news. It could also be retail and day traders taking an interest in the stock following its recent escape from delisting. Either way, the volatility might make it a risky investment today.
AIMD stock is up 157% as of Friday morning.
Investors looking for more of the most recent stock market stories will want to stick around!
InvestorPlace is home to all of the hottest stock market news that traders need to know about on Friday! That includes the biggest pre-market stock movers this morning, the latest news concerning BYD Company (OTCMKTS:BYDDY) and more. All of that is ready to go at the following links!
More Friday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday
- Short Sellers Are Betting Big Against BYD (BYDDY) Stock
- Mortgage Demand Just Fell Again. What That Means for the Housing Market.
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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.
