Why Is Boston Omaha Soaring on Wednesday?

The stock market was having an excellent day on Wednesday, with all three major averages higher by 1% or more at 2 p.m. EDT. However, Boston Omaha (NASDAQ: BOMN) has been a major standout with its shares up by more than 17% after rising nearly 10% the day before.

There isn't any company-specific news driving the move higher today, but we're sure seeing quite a bit of volume. By 2 p.m. EDT, more than 189,000 shares of Boston Omaha had changed hands, while the average full-day volume in the stock is around 90,000.

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Source Fool.com