Jeffs Brands (NASDAQ:JFBR) stock is rocketing higher on Thursday despite a lack of news from the Israel-based e-commerce company.
There are no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why shares of JFBR stock are up today. On that same note, no analysts are offering updates or new coverage of the stock.
What is happening this morning is the heavy trading of JFBR stock. That has more than 2.5 million shares of Jeffs Brands stock changing hands as of this writing. That’s already well above the company’s daily average trading volume of about 87,000 shares.
Investors will also note that JFBR is a penny stock. This comes from Jeffs Brands’ low average trading volume, market capitalization of just $3.745 million and its prior closing price of $3.15 per share.
Why That Matters to JFBR Stock
Being a penny stock opens Jeffs Brands up to certain vulnerabilities. That includes certain traders pumping and dumping its shares without any news. This could be what’s happening this morning. That means investors will want to be careful about taking a stake in the company right now, as a dip could be brewing.
JFBR stock is up 46% as of Thursday morning.
Investors looking for even more of the most recent stock market stories are in the right place!
We have all of the hottest stock market news worth reading about on Thursday! That includes the biggest pre-market stock movers this morning, the latest news concerning AMC Entertainment (NYSE:AMC) stock and more. All of that news is ready to go at the following links!
More Thursday Stock Market News
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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.
