U.S. markets closed
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • Dow 30

    34,580.08
    -59.71 (-0.17%)
     
  • Nasdaq

    15,085.47
    -295.85 (-1.92%)
     
  • Russell 2000

    2,159.31
    -47.02 (-2.13%)
     
  • Crude Oil

    66.22
    -0.28 (-0.42%)
     
  • Gold

    1,782.10
    +21.40 (+1.22%)
     
  • Silver

    22.45
    +0.17 (+0.76%)
     
  • EUR/USD

    1.1317
    +0.0012 (+0.10%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • GBP/USD

    1.3235
    -0.0067 (-0.50%)
     
  • USD/JPY

    112.8000
    -0.4090 (-0.36%)
     
  • BTC-USD

    47,383.63
    -9,282.25 (-16.38%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

ZIVO Stock: 6 Things to Know About Biotech ZIVO Bioscience as Shares Rocket on No News

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

ZIVO Bioscience (NASDAQ:ZIVO) stock is rocketing higher on Friday despite a lack of news concerning the company.

Image of a penny held between two fingers with a white indoor background representing ZIVO Stock.
Image of a penny held between two fingers with a white indoor background representing ZIVO Stock.

Source: Shutterstock

Instead, it looks like we’ve got another classic case of a penny stock being pushed higher by retail traders. These traders look for cheap stocks to pump higher so that they can dump their shares at a higher price.

Backing up that idea today is the heavy trading ZIVO stock is undergoing. As of this writing, more than 53 million shares of the stock have changed hands. To put that in perspective, the company’s daily average trading volume is closer to 2.2 million shares.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Funnily enough, this isn’t even the first time this week that these traders have pumped ZIVO stock. We saw a similar trend on Monday that had the shares spiking incredibly high before slipping back down.

Keeping that in mind, here’s what traders need to know about ZIVO stock.

  • ZIVO Bioscience is an R&D firm in the U.S. focused on developing food products from algae.

  • Among its offerings are algae products as feed for livestock.

  • It also has options available for people that are looking to consume algae as well.

  • The company points to several benefits to this.

  • Among them are healthy cholesterol balance and a natural boost to the immune system.

  • To go along with that, the algae is sustainable as the company has several strains in development.

ZIVO stock was up 68.8% as of Friday morning but is down 51.7% since the start of the year.

Investors look for more hot stock market news today will want to keep reading!

InvestorPlace has all the latest happenings from the stock market today. There’s loads of news surrounding crypto today after a ban in China sent cryptocurrencies and stocks falling. You can learn all about that at the following links!

More Crypto News for Friday

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

More From InvestorPlace

The post ZIVO Stock: 6 Things to Know About Biotech ZIVO Bioscience as Shares Rocket on No News appeared first on InvestorPlace.