What Is Going on With Kiora Pharmaceuticals (KPRX) Stock Today?
Source: Alextype|Shutterstock.com Kiora Pharmaceuticals (NASDAQ: KPRX ) stock is rocketing higher on Thursday despite a lack of news from the ophthalmic specialty pharmaceutical company. Even without any news, shares of KPRX stock are seeing incredibly heavy trading today. As of this writing, more than 214 million shares of the company’s stock have changed hands. That’s a massive increase when compared to its daily average trading volume of about 2.7 million shares. What’s Behind the KPRX Stock Rally? It looks like we have retail traders on social media to thank for KPRX stock rising in price today. Investors on Twitter (NYSE: TWTR ) are hyping up shares of the company’s stock today in what is likely a short squeeze. Investors will want to be wary about taking a stake in KPRX stock today. That’s due to it only trading for about 24 cents after today’s rally and having a market cap of just $8.967 million. That easily puts it in penny stock territory. This means its easy for investors to manipulate the price higher and cashing out before a crash.
What Is Going on With Kiora Pharmaceuticals (KPRX) Stock Today?
Source: Alextype|Shutterstock.com Kiora Pharmaceuticals (NASDAQ: KPRX ) stock is rocketing higher on Thursday despite a lack of news from the ophthalmic specialty pharmaceutical company. Even without any news, shares of KPRX stock are seeing incredibly heavy trading today. As of this writing, more than 214 million shares of the company’s stock have changed hands. That’s a massive increase when compared to its daily average trading volume of about 2.7 million shares. What’s Behind the KPRX Stock Rally? It looks like we have retail traders on social media to thank for KPRX stock rising in price today. Investors on Twitter (NYSE: TWTR ) are hyping up shares of the company’s stock today in what is likely a short squeeze. Investors will want to be wary about taking a stake in KPRX stock today. That’s due to it only trading for about 24 cents after today’s rally and having a market cap of just $8.967 million. That easily puts it in penny stock territory. This means its easy for investors to manipulate the price higher and cashing out before a crash.