MTC Stock Price Increases Over 50% Pre-Market: Why It Happened

By Amit Chowdhry ● Feb 19, 2021
  • The stock price of MMTec Inc (NASDAQ: MTC) is trading at over 80% pre-market. This is why it happened.

The stock price of MMTec Inc (NASDAQ: MTC) — a company that develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements in — is trading at over 80% pre-market as of 5:32 AM ET. There is no direct news or recent SEC reports from the company so it appears that external factors are at play.

Day traders on social media pointed out that MTC has a low float. And low float stocks are often volatile on a day-to-day basis. There just happens to be a lot of hype around MTC as there is also a sympathy play around the company’s involvement in cryptocurrency as well. And the bitcoin cryptocurrency hit new highs this week.

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