Senti Biosciences (NASDAQ:SNTI) stock is taking off on Tuesday alongside heavy pre-market trading of the preclinical biotechnology company’s shares this morning.
That has more than 8.5 million shares of SNTI stock changing hands as of this writing. This is a massive jump over its daily average trading volume of about 239,000 shares. It also bears mentioning that the company’s float is 29.16 million units.
The heavy trading this morning comes without any clear news from Senti Biosciences. That includes a lack of press releases or filings with regulators. There’s also no analyst coverage that would explain the rally.
Instead, traders will keep in mind that SNTI is a penny stock. That comes from its low closing price of 25 cents yesterday and market capitalization of just $11.53 million.
How This Affects SNTI Stock
Being a penny stock means that SNTI is more subject to volatility. This could be due to speculative traders buying the shares. Another possibility is retail and day traders pumping the stock before a dump.
All of this is to say that investing in SNTI stock right now is a risky move. Traders might want to wait until it has cooled down before considering a position.
SNTI stock is up 32.1% as of Tuesday morning.
Investors looking for more of the most recent stock market stories are in luck!
We have all of the hottest stock market news ready to go on Tuesday! Among that is what has shares of Volcon (NASDAQ:VLCN) stock up, the biggest pre-market stock movers and more. All of that info is ready at the following links!
More Stock Market News for Tuesday
- Why Is Volcon (VLCN) Stock Up 60% Today?
- Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday
- Goldman Sachs Is Pounding the Table on Affirm (AFRM) Stock
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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.
