What's Going On With Save Foods Stock?
Portfolio Pulse from Erica Kollmann
Save Foods, Inc. (NASDAQ:SVFD) shares surged nearly 200% on high trading volume, with over 52.5 million shares traded compared to the 100-day average of 560,884 shares. The company specializes in eco-crop protection that reduces food waste and ensures food safety. The stock was halted for volatility multiple times during Monday's session.
August 07, 2023 | 3:58 pm
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Save Foods, Inc. (NASDAQ:SVFD) shares surged nearly 200% on high trading volume. The stock was halted for volatility multiple times during Monday's session.
The surge in Save Foods' stock price is likely due to the high trading volume, which is significantly higher than the 100-day average. This indicates a strong interest in the stock, which could drive the price up in the short term. However, the stock was halted for volatility multiple times, which could indicate potential instability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100