- The stock price of ReWalk Robotics Ltd (NASDAQ: RWLK) increased by over 50% during intraday trading today. This is why it happened.
The stock price of Rewalk Robotics Ltd (NASDAQ: RWLK) increased by over 50% during intraday trading today. There is no company-specific news driving the stock price up today so it appears there are external factors at play.
In this case, it appears that investors who are active on social media platforms are encouraging each other to drive up the stock price.
There has been a major uptick in discussions about the company shares on platforms like Discord, Twitter, StockTwits, Facebook, etc. Investors on these platforms are encouraging each other to “burn the short-sellers.” As of now, the volume of the company shares is now more than 174 million compared to an average of about 405,000.
What does ReWalk Robotics do? ReWalk Robotics develops, manufactures, and markets wearable robotic exoskeletons for individuals with lower limb disabilities as a result of spinal cord injury or stroke.
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