CHCI Stock Price Increases Over 200% Pre-Market: Why It Happened

By Amit Chowdhry ● Feb 9, 2021
  • The stock price of Comstock Holding Companies Inc (NASDAQ: CHCI) is trading at over 200% pre-market as of 5:39 AM ET today. This is why it happened.

The stock price of Comstock Holding Companies Inc (NASDAQ: CHCI) – a company that operates as a real estate assets management and services company – is trading at over 200% pre-market as of 5:39 AM ET today. While there is no direct news from the company, it appears that there are external factors at play.

On several stock trading forums, I am seeing a number of day trader investors citing the low float opportunity of Comstock. A low float stock is when a company has a smaller number of shares available for trading, which makes it extremely volatile. And increased volatility provides more opportunities for day traders to attempt to quickly get in and out with some potential profits.

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