GRAY Stock Price: 22.35% Increase Explanation

By Amit Chowdhry ● June 10, 2021
  • The stock price of Graybug Vision Inc (NASDAQ: GRAY) increased by 22.35% today. These are the details.

The stock price of Graybug Vision Inc (NASDAQ: GRAY) increased by 22.35% today as it increased from $4.52 to $5.53. And it also increased 35.99% after hours. There is no company-specific news driving the stock price up today.

Retail investors on social media have been pushing for a short squeeze on the company stock multiple times over the past month. Investors also cited GRAY as having a low float, which makes it easier for day traders to earn profits during a single trading session.

Graybug was not discussed much on Reddit until after hours this evening, which could have driven up the stock price from that point. But it appears that the stock price increase during trading hours was driven by coordination within a few Discord communities. Plus in a few stock trading forums, investors also cited a broader rally around biotech companies as a whole today.

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