|Bid||6.36 x 1100|
|Ask||6.58 x 1400|
|Day's Range||5.46 - 7.78|
|52 Week Range||0.77 - 29.00|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Meme stocks were at it again today as a number of popular Reddit names soared, with Sgoco Group (NASDAQ: SGOC) among them. Instead, the company was one of several meme stocks that soared as traders on Reddit and other social media platforms bid up prices on a wide range of stocks. Sgoco, meanwhile, garnered several mentions on Reddit threats as users pushed for a short squeeze in a number of stocks.
Sgoco Group (NASDAQ: SGOC) stock is plunging today, and was down 20% as of 1 p.m. EDT. Small-cap stocks are typically very volatile, and the volatility can spin out of control if it's a China-based stock in question, like Sgoco Group. U.S.-listed Chinese stocks have been in the news lately for all the wrong reasons, and although Sgoco Group hasn't come under the scanner of Chinese regulators whatsoever, it can't escape a broad-based move in Chinese stocks.
Sgoco Group (NASDAQ: SGOC), a small-cap conglomerate that operates in China, saw its stock soar on Wednesday on increased trading volume. On average, Sgoco Group stock gets bought and sold 327,000 times a day. There was no press release or earnings announcement from Sgoco Group that warranted this big move, so the likely suspects could be Wall Street Bets traders on Reddit, who have tried to push around this stock in the past.