Why Newegg Commerce Stock Just Doubled in a Day

For the second day in a row, the stock of Newegg (NASDAQ: NEGG) is soaring.

Yesterday, shares of the online consumer electronics retailer and recent IPO jumped as much as 42% on news that Newegg was holding a sale of hard-to-find NVIDIA GeForce RTX graphics cards -- sure to be popular with buyers. Today, the news is that Newegg has launched a new business venture, offering professional PC assembly to customers who design their own computers on the Newegg PC Builder. And that has already sent its stock up 96.3% through 10:25 a.m. EDT.  

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Source Fool.com