Just a month ago, Arcadia Biosciences, Inc. (NASDAQ:RKDA) was a penny stock in danger of delisting. But over the past three weeks, the stock has delivered a series of one-day gains as high as 31%. Today, it closed up 34% at $2.62 per share, its highest price since last July. What’s driving the rally?
Tag: Hudson Bay Capital Management LP
Hudson Bay Capital Management LP
Posted inReports
Mysterious Price Action in Shares of Datasea, Inc.
Last month around Valentine’s Day, someone fell in love with Datasea, Inc. (NASDAQ:DTSS). The company’s stock price, which had been declining since Jul. 2021, suddenly sprang to life on Feb. 10, 2022. Over the following 12 days, the price rose 81% to $2.64 per share.
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A Singular Diluter
Shares of Singularity Future Technology Ltd. (NASDAQ:SGLY) more than doubled in price during the past three weeks before closing down 9.9% at $6.46 per share last Friday. At no time before or during the rally was any earth-shattering news about the company released.
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BIMI International Medical, Inc. Is in a Death Spiral
A stock priced at $1.73 per share doesn’t often make an attractive short sale. When it does, the price is usually headed toward zero. Such is the case, in our opinion, with shares of BIMI International Medical, Inc. (NASDAQ:BIMI). We believe the company has entered a classic death spiral.