While it’s not uncommon to see a company’s shares increase during its IPO, the growth JZ stock has seen is phenomenal. The company’s shares gained as much as 1,000% today and are currently up 456% as of Friday afternoon. Trading volume is also sitting at more than 600,000 shares.
What we’re likely seeing here is speculators pushing up the price of the stock. This has been arecent trend among IPOslately as speculative traders take out stakes in the company in hopes of selling them later for profits.
This does mean that traders will want to be careful about investing in JZ stock right now. Speculators can cause volatility for a stock, which can result in highs becoming lows in a short period of time.
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