Appreciate (NASDAQ:SFR) stock is rising higher on Friday despite a lack of news from the luxury brand marketplace company.
There’s been no new press releases or filings with the Securities and Exchange Commission (SEC) that explain why shares of SFR stock are up today. In addition to that, there’s no new analyst coverage of the stock today.
What is happening today is heavy trading of SFR stock. This has more than 8 million shares of the company’s stock changing hands as of this writing. To put that in perspective, the company’s daily average trading volume is closer to 1.1 million shares.
Investors will also keep in mind SFR’s prior closing price of 20 cents per share and market capitalization of $9.695 million. These make it a penny stock. Penny stocks are more susceptible to volatility, especially outside of normal trading hours.
Should You Invest In SFR Stock Today?
That’s a hard question to answer considering the company’s penny stock status and volatile movement. If traders could get in for a good price and exit before the rally ends, it might be worth it. However, traders have to be fast to profit from the wild swings of penny stocks. That means most investors are better off staying on the safe side by avoiding the shares today.
SFR stock is up 95.5% as of Friday morning.
Investors looking for more of the most recent stock market news will want to keep reading!
We’ve got all of the latest coverage worth reading about on Friday! That includes the biggest pre-market stock movers this morning, more on Bed Bath & Beyond (OTCMKTS:BBBYQ), and other news. All of that is ready to go with the links below!
More Friday Stock Market News
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that? InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More:?Penny Stocks — How to Profit Without Getting Scammed