LogicMark (NASDAQ:LGMK) stock is on the rise Tuesday despite a lack of news from the personal technology company.
LogicMark hasn’t published any new press releases that explain today’s rally. The same holds true for filings with the Securities and Exchange Commission (SEC). Additionally, no analysts are offering new coverage of LGMK stock.
Even so, shares of LGMK stock are experiencing incredibly heavy trading on Tuesday morning. As of this writing, more than 3.5 million shares of the company’s stock have changed hands. To put that in perspective, its daily average trading volume is closer to 184,000 shares.
One thing investors will want to keep in mind is that LogicMark is a penny stock. That comes from its low closing price of 91 cents and its market capitalization of only $1.836 million.
Why That Matters to LGMK Stock
Penny stocks are often susceptible to extreme volatility due to their low price. That can make it easy for certain traders to pump the stock up without news. This usually comes alongside heavy trading of the shares.
If that is what’s going on with LGMK stock today, investors will want to be wary about taking a stake in the company right now. It might not be long before we see it give up today’s gains as traders dump the shares for profit.
LGMK stock is up 52.3% as of Tuesday morning. The stock was down 90% year-to-date when markets closed yesterday.
Investors looking for more of the most recent stock market stories on Tuesday are in the right place!
We have all of the hottest stock market news that traders need to know about today! Among that is why shares of Infobird (NASDAQ:IFBD) stock are up, the biggest pre-market stock movers this morning and more. All of that news is ready to go at the following links!
More Tuesday 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
