Why Is Kaival Brands (KAVL) Stock Up 286% Today?

  • Kaival Brands (KAVL) stock is up with heavy trading on Friday.
  • Its low float may be a catalyst for this movement.
  • That could be attracting speculative traders to the shares.
KAVL Stock - Why Is Kaival Brands (KAVL) Stock Up 286% Today?

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Kaival Brands (NASDAQ:KAVL) stock is rocketing higher on Friday alongside heavy trading of the electronic nicotine delivery system company’s shares.

This has more than 49 million shares of KAVL stock changing hands as of this writing. That’s a massive surge over its daily average trading volume of about 2.6 million shares. It also bears mentioning that the float for Kaival Brands is only sitting at 845,900 shares.

Another thing to keep in mind is that KAVL is a penny stock. This comes from its market capitalization of just $14.459 million. That, combined with its low float, makes it a potential target for speculative traders.

What That Means for KAVL Stock

This means that Kaival Brands can experience volatility without any news from the company. That appears to be what’s going on today, considering the lack of news from KAVL. It hasn’t put out any news that would cause such a massive rally today.

Of course, that also means that traders are going to want to be careful about taking a stake in KAVL shares right now. While the stock is currently up, it likely won’t remain that way for long. This could see it give up these gains in the days to come.

KAVL stock is up 286% as of Friday afternoon.

Investors seeking out even more of the most recent stock market stories are in luck!

InvestorPlace is home to all of the hottest stock market news for Friday! Among that is what has shares of GameStop (NYSE:GME) and Mullen Automotive (NASDAQ:MULN) stock moving today. All of that news is ready at the links below!

More Friday 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.

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