AACG Stock Price Increases Over 400%: Why It Happened

By Amit Chowdhry ● February 4, 2021
  • The stock price of ATA Creativity Global (NASDAQ: AACG) is trading at above 400% today. This is why it happened.

The stock price of ATA Creativity Global (NASDAQ: AACG) is trading at above 400% today as of 2:10 PM ET. There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.

I saw references to AACG in stock trading groups on Facebook, Discord chat rooms, the r/Daytrading subreddit, Twitter hashtags, and YouTube channels before the market opened. Many of these posts mentioned the advantages of the high volume and relatively low float of the stock.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.