Getty Images (GETY) Stock: Why It Surged Over 159% Today

By Amit Chowdhry ● Jul 29, 2022
  • The stock price of Getty Images (GETY) surged over 159% during intraday trading today. This is why.

The stock price of Getty Images (GETY) surged over 159% during intraday trading today. This are no company-specific reports driving up the price so it appears there are external factors at play.

In this case, it appears that discussions between day traders about the stock on social media are driving up the stock price. For example, Twitter user Yonezu Investing cited the shares in the float:

https://twitter.com/SteveYonezu/status/1552768324768976896

Last week, Getty Images and CC Neuberger Principal Holdings – which was a publicly traded special purpose acquisition company (SPAC) – completed their previously announced business combination. Following the merger, the combined company was renamed Getty Images Holdings.

And on July 25, 2022, the company’s common stock and warrants started trading on the New York Stock Exchange under the symbols “GETY” and “GETY WS,” respectively.