ANGH Stock Alert: Why Is Anghami Skyrocketing More Than 100% Higher Today?

InvestorPlace2022-02-18

Anghami made history this month after being the first Arab technology company to be listed on the Nasdaq exchange. The company went public after merging with special purpose acquisition company (SPAC...

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Comments

JQC
2022-02-18
JQC
[Like]
Handoko
2022-02-18
Handoko
👍🏻
Shot
2022-02-18
Shot
Don't understand
Henryee18
2022-02-18
Henryee18
Manipulation. That's it.

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The company went public after merging with special purpose acquisition company (SPAC...</p>\n\n<a href=\"https://investorplace.com/2022/02/angh-stock-alert-why-is-anghami-skyrocketing-more-than-100-higher-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANGH","symbol_name":"Anghami Inc.","start_time":0,"source_url":"https://investorplace.com/2022/02/angh-stock-alert-why-is-anghami-skyrocketing-more-than-100-higher-today/","article_id":"1158905941","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158905941","pubTimestamp":1645149820,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Anghami  made history this month after being the first Arab technology company to be listed on the N","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ANGH":"Anghami Inc."},"translate_title":"安氏股票预警：为什么安氏今天暴涨超过100%？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANGH":0.9},"content_text":"Anghami  made history this month after being the first Arab technology company to be listed on the Nasdaq exchange. The company went public after merging with special purpose acquisition company (SPAC) Vista Media. In addition, the transaction provided Anghami with gross proceeds of $220 million. Anghami operates as a music-streaming platform in the Middle East and North Africa (MENA). Today, shares of ANGH stock closed higher by over 150% after being halted several times.There is no material news to explain Anghami’s volatility today. However, ANGH stock has a low total shares outstanding of only 25.82 million shares. This makes the stock more susceptible to large price swings and manipulation. In addition, today’s volume came in at 16 million shares, which is more than 19X the average volume of 830,000 shares. On Stocktwits, message volume concerning the ANGH stock ticker has increased by more than 350% as well.On top of today’s gain, the price of ANGH stock has increased over 200% during the past month. 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