SSY Stock: 6.22% Increase (From $3.70 To $3.93) Pre-Market Explanation

By Amit Chowdhry ● May 6, 2021
  • The stock price of SunLink Health Systems, Inc. (NYSEAMERICAN: SSY) increased 6.22% from $3.70 to $3.93 pre-market. This is why it happened.

The stock price of SunLink Health Systems, Inc. (NYSEAMERICAN: SSY) increased 6.22% from $3.70 to $3.93 pre-market. This is a continuation in momentum from yesterday as the stock price increased 29.82% (from a previous close of $2.85 to $3.70). This rally is being largely driven by coordination through social media.

Retail investors on social media platforms like StockTwits, Reddit, Twitter, Facebook, and Discord appear to be coordinating a driving up of stock prices in health system stocks this week. Along with SunLink Health Systems, stocks like Regional Health Properties and American Shared Hospital Services saw significant increases this week.

The reason why SSY was able to see a massive rally today is due to the low float, which makes it easier for day traders to cause major fluctuations in the stock.

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