ShiftPixy Stock (PIXY) Surges: Details You Should Know

By Amit Chowdhry ● Dec 29, 2021
  • The stock price of ShiftPixy Inc (NASDAQ: PIXY) has been seeing some momentum today and yesterday. These are the details.

The stock price of ShiftPixy Inc (NASDAQ: PIXY) has been seeing some momentum today and yesterday. The stock price increased 43.09% yesterday (going from a previous close of $0.78 to $1.12. And it is up more than 90% pre-market today, bringing it to $2.11 as of 5:27 AM ET.

There are no news reports or recent filings from the company driving the stock up today so it appears there are external factors at play. Investors who are active on social media have been encouraging a short squeeze on the company shares. And since the company has a relatively low float, day traders could drive noticeable momentum.

It’s also worth mentioning that the company has been posting a number of tweets talking about the metaverse:

 

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