Tesla's Up as Stock-Split Investors Wait, But This Tiny Nasdaq Stock Is Riding High Monday
The stock market was in rally mode last week, and the good vibes looked like they were continuing after the weekend. As of 8:30 a.m., futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) led the market higher, rising about half a percent to climb above the 12,200 mark.
Investors have been more interested in stock splits than ever, and some big-name companies have joined in the trend. Tesla (NASDAQ: TSLA) hasn't been a stranger to the stock-split party, having just done a 5-for-1 split back in 2020. Yet even as Tesla shareholders wait patiently for the chance to vote on another round of share-splitting, the rest of the market is looking closely at a much smaller Nasdaq-listed company that's soaring on Monday morning. You'll find all the details below.
Shares of Tesla were up more than 1% on Monday morning. That largely reflected the move in the broader market, with the electric vehicle pioneer often seeing somewhat more volatility in both directions than the Nasdaq as a whole.
Source Fool.com
