Why Newegg Commerce Stock Is Soaring 136% This Week
Shares of Newegg Commerce (NASDAQ: NEGG) have more than doubled this week, climbing 136% by early Friday, as the tech-focused online retailer seems to have cemented meme-stock status.
When Newegg went public in May through a reverse merger with special purpose acquisition company Lianluo Smart, it didn't garner investor notice. But the availability of option-based trading in early July sent the stock off to the races.
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Source Fool.com
