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Why Aterian Stock Is Skyrocketing

·2 min read
Why Aterian Stock Is Skyrocketing

Aterian (NASDAQ: ATER) is continuing to make huge gains after emerging as a new short-squeeze favorite among investors on Reddit's WallStreetBets discussion board and other online communities. The stock closed out the daily session up 28.6% and was up another 4% in after-hours trading as of 5:15 p.m. EDT. The stock began spiking early this month as it emerged as a popular short-squeeze candidate, but the momentum appeared to dissipate as the e-commerce and consumer products company's share price plummeted roughly 39% on Sept. 14.