RYB Stock Price Increases Over 20%: Why It Happened

By Amit Chowdhry ● Feb 5, 2021
  • The stock price of RYB Education Inc (NYSE: RYB) is trading at over 20% today. This is why it happened.

The stock price of RYB Education Inc (NYSE: RYB) – a company that provides early childhood education service in China – is trading at over 20% today as of 3:09 PM ET. This is why it happened.

Since the company has not announced any news directly and there are no SEC reports to trigger a stock price increase, it appears there was a coordinated move on social media to drive the price up, similar to the reason why ATA Creativity Global went up more than 936% yesterday.

I am seeing references to RYB in stock trading groups on Facebook, Discord chat rooms, stock trading subreddits, Twitter hashtags, and YouTube channels before the market open. Many of these posts mentioned the advantages of the high volume and relatively low float of the stock.

Since the business model appears to be similar to ATA Creativity Global, it also appears that there is a sympathy play in effect as well. And since the company shares have a relatively small float and there is a high squeeze probability, day traders are also jumping on RYB.

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