Why Is Dynatronics (DYNT) Stock Up 93% Today?


  • Dynatronics (DYNT) stock is taking off with heavy trading on Tuesday morning.
  • That’s despite a lack of news from the medical device company.
  • This movement could be tied to its penny stock status.
DYNT Stock - Why Is Dynatronics (DYNT) Stock Up 93% Today?

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Dynatronics (NASDAQ:DYNT) stock is rocketing higher on Tuesday alongside heavy pre-market trading of the medical device company’s shares.

This has more than 6 million shares of the company’s stock changing hands as of this writing. That’s well above its daily average trading volume of about 75,000 shares.

It’s worth noting this movement comes without any news from the company. That includes a lack of press releases, filings with the Securities and Exchange Commission (SEC) or analyst coverage that would cause a rally.

Another thing to keep in mind is that DYNT is a penny stock. This comes from its low daily average trading volume, prior closing price of 37 cents per share and its market capitalization of $1.808 million.

Why That Matters to DYNT Stock

Being a penny stock brings with it certain properties investors need to be aware of. That includes volatility that is more likely to occur outside of normal trading hours.

This volatility may be caused by retail and day traders pumping up the shares. It could also see them dump the stock once it’s climbed high enough. That could see the price come plummeting back down. Investors will want to think about that before considering a stake in Dynatronics today.

DYNT stock is up 92.8% as of Tuesday morning.

Investors will find more of the most recent stock market news ready to go below!

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 news concerning Fisker (OTCMKTS:FSRN) shares and more. All of that info is available at the following links!

More Tuesday Stock Market News

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.

Article printed from InvestorPlace Media, https://investorplace.com/2024/04/why-is-dynatronics-dynt-stock-up-93-today/.

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