Creative Medical Technology Holdings Inc (NASDAQ: CELZ) is flying in the premarket hours on the first trading day of 2022. The stock is up over 50% and the trading volume is already ridiculous. So, the big question on everyone’s mind seems to be, “Why is the stock flying?”
There’s no way to be 100% sure due to the fact that there has been no company-specific news released. No press releases, SEC filings, interviews, or anything of the sort have hit the tape.
However, one thing that we have noticed quite a bit of is chatter on social media. On several social channels, traders are talking about what they view as an opportunity to dive in on an undervalued stock with a low float.
This article originally appeared at CNA Finance.