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This Unknown Nasdaq Stock Just Doubled Friday

·3 min read
This Unknown Nasdaq Stock Just Doubled Friday
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Markets moved sharply higher on Friday, as investors reacted favorably to positive comments from Federal Reserve Chairman Jerome Powell at the central bank's symposium in Jackson Hole, Wyoming. It isn't every day that you see a Nasdaq stock double in value, but that happened on Friday. The move followed a better than 40% rise for the fledgling software company on Thursday, and reflects a combination of factors that once again show that retail investors are playing a major role in how individual stocks move.