HUDI Stock Increases Over 15% Pre-Market: Details You Should Know

By Amit Chowdhry ● Jul 15, 2021
  • The stock price of Huadi International Group Co (NASDAQ: HUDI) increased by over 15% pre-market. These are some details you should know.

The stock price of Huadi International Group Co (NASDAQ: HUDI) increased by over 15% pre-market. There is no company-specific news reports or SEC filings that are driving up the stock price so it appears there are external factors at play.

Retail investors who are active on social media platforms like Reddit, StockTwits, Twitter, and Discord appear to be driving up the stock price. Investors on these platforms have been citing the low float of the company stock, which makes it easier to pump up the stock price during intraday trading.

What does Huadi International do? Huadi International manufactures and sells industrial stainless steel seamless pipes and tubes in China. And the company’s products are used in oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. Plus it also exports its products to 20 countries.

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