By Nicholas G. Miller
The Securities and Exchange Commission suspended trading of TechCreate, citing potential stock manipulation.
The SEC cited recommendations made to investors through social media to buy, hold or sell the stock and send screenshots documenting the transaction.
Those actions "appear to be designed to artificially inflate the price and trading volume of the securities of TCGL," the SEC said.
TechCreate closed its $10.2 million initial public offering priced at $4 a share in October. The stock began soaring last week and as of Friday's close was trading at $172.84.
TechCreate said in a statement last week in response to an inquiry from NYSE American that "it is not aware of any material nonpublic information that has not been publicly disclosed that would account for the recent trading activity."
The SEC said the stock would be suspended until 11:59 p.m. Monday.
Write to Nicholas G. Miller at nicholas.miller@wsj.com
(END) Dow Jones Newswires
February 02, 2026 10:25 ET (15:25 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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