If you are looking into some of the major gainers in recent time then it might be a good idea to take a look into the BSQuare Corporation (NASDAQ:BSQR) stock. Although it is true that the stock went down by 8% on Thursday due to a case of profit booking, it should be noted that the stock is still up by 87% this week.
Hence, it might be a good move from investors to take a closer look at BSQuare Corporation and its business, considering the fact that there has been no news about the company lately.
Although there has been no chatter about the stock on Reddit communities, it is believed that a fair amount of chatter on Twitter and other social media platforms about the stock.
The fundamentals of the BSQuare Corporation stock are pretty week and it is believed that coordinated efforts from a cartel of traders are responsible for the current rally in the stock. In addition to that, it should be noted that the average daily trading volume of the stock is only 400,000 shares and hence, it is quite possible for a group of traders to push it higher by way of options trading.
Market Reaction:
On Thursday, BSQR stock fell 8% to $4.40 with more than 27.70 million shares, compared to its average volume of 4.66 million shares. The stock has moved within a range of $4.0844 – 5.5000 after opening the trade at $4.95. Over the past 52-week, the stock has been trading within a range of $2.0700 – 6.9300.
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