Why TradeUP Acquisition (UPTD) Stock Is Rocketing Higher
Portfolio Pulse from Erica Kollmann
TradeUP Acquisition Corp. (NASDAQ:UPTD) shares have surged on extremely heavy trading volume, with over 2 million shares traded compared to the 100-day average of 28 thousand shares. The company recently extended the date for its initial business combination from Aug. 19 to Sept. 19, 2023. The stock is currently the top trending ticker on Stocktwits.
September 01, 2023 | 4:38 pm
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TradeUP Acquisition Corp. (UPTD) shares have surged due to heavy trading volume and the extension of the date for its initial business combination.
The surge in UPTD's stock price can be attributed to the heavy trading volume, which is significantly higher than its 100-day average. Additionally, the company's announcement of the extension of the date for its initial business combination has likely contributed to the increased interest in the stock.
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