This rally comes alongside heavy trading of YTEN stock on Monday morning. That has more than 8.3 million shares changing hands as of this writing. This is already well above its daily average trading volume of about 420,000 shares.
All of this movement comes without any new press releases or filings with the U.S. Securities and Exchange Commission (SEC). There’s also no new analysts coverage of YTEN stock that would explain its rise this morning.
One thing that investors will keep in mind is that YTEN is a penny stock. That comes from its low prior closing price of 23 cents per share and its market capitalization of only about $2.7 million.
Why This Matters for YTEN Stock
Being a penny stock means that it’s retail and day traders can more easily manipulate YTEN shares. That includes the possibility of targeting them for a pump and dump. Considering the heavy trading and no news this morning, that might be what’s happening right now.
If YTEN stock is getting pumped up by retail and day traders, the average investor will want to be careful about taking a stake in the company right now. While shares are up now, it might not be long before that eventual dump brings them back down.
YTEN stock is up 34.1% as of Monday morning.
Investors looking for more of the most recent stock market stories will want to stick around!
We have all of the hottest stock market news traders need to know about on Monday! That includes the biggest pre-market stock movers this morning, what happened with the stock market on Friday and more. You can read up on all of these matters at the links below!
More Monday Stock Market News
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday
- Why Are Stocks Up Today?
- Spirit Airlines Eyes New Feb. 26 Deadline to Help SAVE Stock Survive
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.
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.