Rubicon Rebounded Nearly 15% in Premarket Trading After Crashing 37.42% Last Friday

Tiger Newspress2023-08-07

Rubicon Technologies, Inc. rebounded nearly 15% in premarket trading after crashing 37.42% last Friday.

There’s been no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why shares of RBT stock are up today. Likewise, no analysts are offering new coverage of the stock that would result in today’s rally.

Palantir previously purchased around 6 million additional shares of the company’s stock. This has its total stake in Rubicon climbing to 6.2%, or 14.63 million shares. It rose over 1% in premarket trading ahead of its financial results. The company will announce the results after the market closes on Monday.

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