Luokung Technology (NASDAQ:LKCO) stock is on the rise Tuesday despite a lack of news concerning the company.
The increase in price for LKCO stock comes alongside heavy trading of its shares. As of this writing, more than 144 million shares of the stock have changed hands. That’s a massive jump over the company’s daily average trading volume of roughly 6 million shares.
So why exactly is LKCO stock up today? While the reason is unclear, it could be continued moment from the company’s direct offering of shares. That was announced on Feb. 5 and LKCO stock