Aesthetic Medical (NASDAQ:AIH) stock is heading higher on Wednesday alongside heavy pre-market trading of the aesthetic medical services company’s shares.
The heavy trading activity today has more than 5.4 million shares of AIH stock changing hands as of this writing. To put that in perspective, the company’s daily average trading volume is well below that at only about 70,000 shares.
Investors will also note that this movement comes without any clear news from Aesthetic Medical. That includes a lack of press releases or filings with the Securities and Exchange Commission (SEC). There’s also no new analyst coverage that would cause this type of movement.
One thing that is worth keeping in mind is the penny stock status of AIH shares. That’s due to its low daily average trading volume, its prior closing price of 34 cents and its market capitalization of $16.141 million.
What This Means for AIH Stock
Heavy trading without news can mean a few things for a penny stock. That includes the possibility that certain types of traders are manipulating the price. This is possible due to the low entry point.
If this is what’s happening with AIH stock this morning, traders will want to be wary about investing in the company. It could be a sign that the stock will give up these gains in the days to come.
AIH stock is up 44% as of Wednesday morning.
Investors will find more of the latest stock market news below!
We have all of the hottest market happenings worth reading about on Wednesday! Among that is what has shares of LAMF Global Ventures (NASDAQ:LGVC) stock up, the biggest pre-market stock movers this morning and more. All of that news is available at the links below!
More Stock Market News for Wednesday
- Why Is LAMF Global Ventures (LGVC) Stock Up 100% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Wednesday
- Jerome Powell Threatens to Trigger a Stock Market Crash on April 3
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.
