AHPI Stock Increases Over 150% Intraday: Why It Happened

By Amit Chowdhry ● Jul 13, 2021
  • The stock price of Allied Healthcare Products Inc (NASDAQ: AHPI) increased by over 150% during intraday trading. This is why it happened.

The stock price of Allied Healthcare Products Inc (NASDAQ: AHPI) increased by over 150% during intraday trading, going from a previous close of $3.96 to a day high of $9.94. There are no company-specific reports or SEC filings driving the stock price up. 

Retail investors who are active on social media platforms like Reddit, StockTwits, Twitter, and Discord coordinated the stock price increase. The investors on these social media platforms cited the low float as an opportunity for driving the momentum.

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