MARPS Stock: Why It Substantially Increased Today

By Amit Chowdhry ● Oct 5, 2021
  • The stock price of Marine Petroleum Trust (NASDAQ: MARPS) increased by over 60% pre-market today. This is why it happened.

The stock price of Marine Petroleum Trust (NASDAQ: MARPS) increased by over 60% pre-market today. There are no company-specific reports driving the stock price up or notable filings.

However, there has been an uptick in discussions about the company on social media platforms like Discord, Twitter, StockTwits, Reddit, Facebook, etc. Investors on these platforms cited the extremely low float being an opportunity for driving momentum.

According to Finviz, Marine Petroleum Trust has about a 1.6 million float. This makes it easier for day trader coordination to drive wild fluctuations in the stock price. 

Discussions about the company have surfaced due to the oil spill in California even though Marine Petroleum is not involved in the issue.

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