NeuroBo Pharmaceuticals Stock (NRBO): Why The Price Surged Today

By Amit Chowdhry ● Jan 4, 2022
  • The stock price of NeuroBo Pharmaceuticals Inc (NASDAQ: NRBO) increased by over 40% pre-market today. This is why it happened.

The stock price of NeuroBo Pharmaceuticals Inc (NASDAQ: NRBO) increased by over 40% pre-market today. There are no company-specific reports or notable filings that are driving up the stock price today so it appears there are external factors at play.

In this case, it appears that the stock price rally is being driven by investors who are active on social media platforms like Discord, Twitter, StockTwits, Facebook, etc. encouraging a short squeeze. Investors on these platforms cited the low float as an opportunity for driving momentum as well. A similar event occurred in June 2021, July 2021, and October 2021.

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