Nuburu (NYSEMKT:BURU) stock is rocketing higher on Friday with heavy trading of the company’s shares.
This heavy trading has more than 132 million units of BURU stock changing hands as of this writing. That’s a massive increase compared to the company’s daily average trading volume of about 1.4 million shares.
Investors will also note that Nuburu has a low float with roughly 12.67 million shares available on the market. This may be a sign that investors are trying to take advantage of that float to pump up the stock.
That would make sense considering BURU is a penny stock. On top of that, we’re seeing a lot of volatility this week as a new meme stock rally has been started. That means BURU stock could rise or fall in the days to come depending on how this rally goes.
BURU Stock News Today
The latest news concerning BURU stock are plans for a public offering of its shares. It intends to offer 16.71 million shares of its common stock alongside warrants for another 16.71 million shares. The company has yet to price the shares in this offering.
BURU stock is up 99.9% as of Friday morning and up 70.6% since the start of the year.
Investors will want to keep reading for more of the most recent stock market stories!
We have all of the hottest stock market news that traders need to know about on Friday! That includes everything happening with shares of Cracker Barrel (NASDAQ:CBRL) stock, Nio (NYSE:NIO) stock and Greenwave Technology (NASDAQ:GWAV) stock today. All of this news is available at the following links!
More Stock Market News for Friday
- Cracker Barrel (CBRL) Stock Falls on 80% Dividend Cut
- Morgan Stanley Bought 10 Million Shares of NIO Stock in Q1
- Trending on Reddit: Meme Stock Greenwave Technology (GWAV) Is Up Another 62% Today
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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.
