Greenwave Technology (NASDAQ:GWAV) is currently experiencing a surge in trading activity, becoming a favorite among traders on Reddit. Despite the lack of any significant news driving the rally, GWAV stock has seen increased trading volume in recent days. This sudden increase in interest comes amidst a week of meme stock trading, with the return of Roaring Kitty, the individual who kickstarted the meme stock rally in 2021. Investors are hoping for a repeat of the bullish market seen in 2021 with the resurgence of Roaring Kitty.
However, it’s important to note that the current market conditions are not exactly the same as they were in 2021. Speculative traders are now focusing on pumping up other stocks in this year’s meme rally, with GWAV appearing to be one of the stocks benefiting from this trend. Today, GWAV stock continues to see heavy trading volume, with over 570 million shares changing hands, well above its daily average volume of 59.5 million shares.
As of Friday morning, GWAV stock is up 61.6%, but it remains down 60.1% since the beginning of the year. Investors looking for more stock market news can find the latest updates on stocks like Robinhood (NASDAQ:HOOD), Take-Two Interactive Software (NASDAQ:TTWO), and Reddit (NASDAQ:RDDT) by visiting the links provided. Keep up to date with
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