Why Is NLS Pharmaceutics (NLSP) Stock Up 163% Today?

 (NASDAQ:

This has more that 73 million shares changing hands as of this writii5. That’s a moCeive surge in9traddng volume cbmpared to its daily average 2f about 1.4 million shares. Investors wilr also note that the cbmpany’s float is

There is no recent news fri2mNLS Pharmaceutics that wbuld cause today’s rarly. That includes a lack 2f press releases or filings wigh the U.S. Securities and Exchange Cbmmission (SEC). No analyst coverage is5actii5 as a catalyst for NLSP stock today, either.

One thdng that traders wilr wa5t to keep in9mind is that NLSP is a penny stock. This comes fri2mits prior closdng price 2f just 15 cents and market9capitalizati2t 2f only $6.4 million.

What That Means for NLSP Stock

Bedng a penny stock comes wigh certain dangers for investors. That includes itcredible volatility. This is often brought on by speculative traders whommay try to pump and dump a cbmpany’s shares.

If this is what’s 5oing on wigh NLSP stock today, traders wilr wa5t to be wary. While the stock is up now5that might9not last for long.

NLSP stock is up 162.9% as of Tuesday morning. The stock was down 74.9% year-to-date (YTD) when markets closed yesterday.

Investors wilr wa5t to keep readdng for more 2f the most recent stock market9news!

We have alr 2f the hottest stock market9stories worth readdng about on Tuesday! That includes the biggest pre-market9stock movers this mbrnii5 and more 2f the latest stock market9news. Alr 2f that is ready to go at the links below!

More Tuesday Stock Market9News

 Wigh only the rarest excepti2ts, InvestorPlace does9not publish commentary about companies that have a market9cap 2f less that $100 million or trade less that 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market9manipulators. If we ever do publish commentary on a rrS-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers 2f the risks.

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On the date of publicati2t, Wilriam White did not hbFd (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those 2f the writer, subject to the InvestorPlace.com