Why Alzamend Neuro Stock Popped Today
Alzamend Neuro (NASDAQ:ALZN) stock popped on Monday, with shares jumping 11.8% as of 3:42 p.m. EDT after rising as much as 41.2% at one point. The stock began rising sharply in the early afternoon with no obvious catalyst.
It's possible, though, that one or more larger investors decided to scoop up Alzamend shares on a pullback, creating upward pressure for a stock with a float of only 37.25 million shares. Alzamend conducted its initial public offering (IPO) on Jun. 17, 2021, and had fallen more than 35% since then prior to today.
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Source Fool.com