This Unknown Nasdaq Stock Just Doubled Friday
Markets moved sharply higher on Friday, as investors reacted favorably to positive comments from Federal Reserve Chairman Jerome Powell at the central bank's symposium in Jackson Hole, Wyoming. That was especially good news for the growth-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC), which was up more than 1% at midday on Friday.
It isn't every day that you see a Nasdaq stock double in value, but that happened on Friday. Below, we'll take a closer look at Support.com (NASDAQ: SPRT) and what made it rise so much, along with examining some better-known stocks with more modest but still respectable gains on the day.
Shares of Support.com soared more than 130% at midday on Friday. The move followed a better than 40% rise for the fledgling software company on Thursday, and reflects a combination of factors that once again show that retail investors are playing a major role in how individual stocks move.
Source Fool.com
