SDC Stock: Why It Significantly Increased Today

By Amit Chowdhry ● Sep 17, 2021
  • The stock price of SmileDirectClub, Inc. (NASDAQ:SDC) is trading higher today. This is why it happened.

The stock price of SmileDirectClub, Inc. (NASDAQ:SDC) is trading higher today. SmileDirectClub did not issue any news so it appears there are external factors at play.

In this case, it appears that investors who are active on various social media platforms are driving a short squeeze today. There has been an uptick in discussions about SDC on Reddit, StockTwits, Discord, Twitter, Facebook, etc.

SDC stock has been short squeezed multiple times over the past month. And it is now being referred to as a “meme stock” — which is a group of stocks that fluctuate unpredictably due to coordination through social media platforms.

SmileDirectClub is an oral care company and creator of the first medtech platform for teeth straightening. And through its telehealth technology and vertically integrated model, SmileDirectClub offers consumers the ability to get clinically safe and effective treatment without the high markup. 

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