Why Is Sintx Technologies (SINT) Stock Up 113% Today?


  • Sintx Technologies (SINT) stock is up with heavy trading on Wednesday.
  • That’s despite it missing EPS and revenue estimates yesterday.
  • This could mean it’s caught in the meme stock rally.
SINT Stock - Why Is Sintx Technologies (SINT) Stock Up 113% Today?

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Sintx Technologies (NASDAQ:SINT) stock is rocketing higher on Wednesday alongside heavy pre-market trading of the advanced ceramics medical company’s shares this morning.

This has more than 71.8 million shares of SINT stock changing hands as of this writing. That’s a massive surge in trading volume compared to the company’s daily average of 35 million shares.

Investors will also note that SINT stock is continuing a rally that started yesterday. That saw its shares close out Tuesday up 41.8%. That also came with heavy trading as 110 million shares were exchanged yesterday.

It’s also worth noting that Sintx Technologies reported its first quarter of 2024 earnings yesterday. However, the company missed Wall Street’s EPS and revenue estimates for the quarter.

What’s Happening to SINT Stock?

It seems likely that Sintx Technologies is benefiting from the ongoing meme stock rally. That was caused by the return of Roaring Kitty over the weekend. This is the trader that started the 2021 meme stock rally. His recent posts on social media have resulted in another meme stock rally over the last few days.

While SINT wasn’t part of that 2021 rally, the 2024 meme rally is expanding to more stocks than before. This means its possible to be included among the new meme stocks rally.

SINT stock is up 112.7% as of Wednesday morning.

Investors will want to stick around for more of the most recent stock market news!

We have all of the hottest stock market news ready to go on Wednesday! Among that is what has shares of Faraday Future (NASDAQ:FFIE) stock up, the biggest pre-market stock movers and more. All of this news is available at the links below!

More Stock Market News for Wednesday

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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.

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