AMS Stock: 34.08% Increase (From $3.55 To $4.76) Pre-Market Explanation

By Amit Chowdhry ● May 6, 2021
  • The stock price of American Shared Hospital Services (NYSEAMERICAN: AMS) increased 34.08% (from $3.55 to $4.76) during pre-market trading. This is why it happened.

The stock price of American Shared Hospital Services (NYSEAMERICAN: AMS) increased 34.08% (from $3.55 to $4.76) during pre-market trading. This rally is being largely driven by coordination through social media.

Retail investors on social media platforms like StockTwits, Reddit, Twitter, Facebook, and Discord appear to be coordinating a driving up of stock prices in health system stocks this week. Along with American Shared Hospital Services, stocks like Regional Health Properties and SunLink Health Systems saw significant increases this week.

The reason why AMS was able to see a massive rally today is due to the low float, which makes it easier for day traders to cause major fluctuations in the stock.

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