Greenwave Technology (NASDAQ:GWAV) stock just won’t stop rallying as it has become a new favorite of traders on Reddit.
This marks another day of increased trading for GWAV stock without any relevant news behind the rally. The stock saw similar movements yesterday despite the firm notifying investors that it would be late filing its quarterly earnings report.
The interest in Greenwave comes amid a week of meme stock trading with the return of Keith Gill, otherwise known as Roaring Kitty. This is the individual who helped start the meme stock rally of 2021. With his return, investors are likely hoping for a repeat of 2021 in 2024.
However, not everything appears the same as back then. Instead, speculative traders are picking other stocks to pump up in this year’s meme rally. GWAV appears to be among them, based on the recent surges the shares have seen.
GWAV Stock Movement Today
With this interest in GWAV stock comes heavy trading of the metal recycling company’s shares. That has more than 570 million shares changing hands as of this writing. This is a massive surge compared to its daily average trading volume of about 59.5 million shares.
GWAV stock is up 61.6% as of Friday morning. However, these shares are still down 60.1% since the start of the year.
Investors who are seeking out even more of the most recent stock market stories are in luck!
We have all of the hottest stock market news that traders need to know about on Friday! Among that is what has shares of Robinhood (NASDAQ:HOOD), Take-Two Interactive Software (NASDAQ:TTWO) and Reddit (NYSE:RDDT) stock in the news today. You can catch up on all of these matters by checking out the links below!
More Stock Market News for Friday
- Bank of America Just Raised Its Price Target on Robinhood (HOOD) Stock
- TTWO Stock Alert: Why Is Take-Two Interactive Trending Today?
- RDDT Stock Alert: Reddit Pops on Major OpenAI Deal
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 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.
