CEI Stock: Why The Price Increased This Week

By Amit Chowdhry ● Oct 20, 2021
  • The stock price of Camber Energy Inc (NYSEAMERICAN: CEI) increased by over 9% this past week. This is why it happened.

The stock price of Camber Energy Inc (NYSEAMERICAN: CEI) increased by over 9% and over 22% yesterday. There are no company-specific reports driving up the stock price so it appears there are external factors at play.

Specifically, it appears that a number of influential stock traders on social media platforms like Twitter and Discord are encouraging users to buy up shares. Benzinga pointed out that Twitter user @MrZackMorris recently tweeted the company shares for a run back with a goal of hitting more than $3.

@MrZackMorris has a large following on Twitter and many investors are influenced by his tweets.

CEI has been a favorite amongst traders on social media platforms for several months now. Last month, investors pointed out nearly a quarter of its stock was sold short – which presented a short squeeze opportunity. 

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