- The stock price of SunLink Health Systems, Inc. (NYSEAMERICAN: SSY) increased from $2.85 to a day high of $5.46. This is why it happened.
The stock price of SunLink Health Systems, Inc. (NYSEAMERICAN: SSY) increased from $2.85 to a day high of $5.46. 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 today. Along with SunLink Health seeing an uptick, Regional Health Properties (NYSE: RHE) also increased by over 100% during intraday trading.
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.