Shares of Neptune Wellness (NASDAQ:NEPT) are ripping higher on Thursday. NEPT stock is up more than 120% at the time of writing, with shares now up almost 100% for the week. Is speculation at play?
We’ve seen some monster moves as of late in the stock market. At one point this week, Bed Bath & Beyond (NASDAQ:BBBY) was up 550% from its low on July 27. Other names have been on the run too.
Some of this has been from stocks being short-squeezed, like BBBY. For others, it’s simply speculative price action. However, NEPT stock could have other drivers sending it higher.
Two Catalysts Launching NEPT Stock Higher
This post originally appeared at InvestorPlace.