Greenwave Technology (NASDAQ:GWAV) Stock Continues to Rally Amid Reddit Trader Interest

Greenwave Technology (NASDAQ:GWAV) stock continues to soar as it becomes a new favorite among traders on Reddit. Despite the lack of any significant news driving the rally, GWAV stock has seen increased trading activity for another day in a row. This surge in interest comes amidst a week of meme stock trading, with the return of Keith Gill, also known as Roaring Kitty, who played a key role in the meme stock rally of 2021.

While some investors may be hoping for a repeat of last year’s success, it appears that speculative traders are focusing on other stocks for this year’s meme rally. GWAV has emerged as one of the top picks, with its shares experiencing significant surges in recent days.

As of now, more than 570 million shares of GWAV have been traded, far surpassing its daily average volume of 59.5 million shares. The stock is currently up 61.6% on Friday morning, although it remains down 60.1% since the beginning of the year.

For investors looking for more stock market news, there are updates on Robinhood (NASDAQ:HOOD), Take-Two Interactive Software (NASDAQ:TTWO), and Reddit (NYSE:RDDT) stock available. Stay informed on all the latest market developments by checking out the links provided.

In the world of penny stocks and low-volume stocks, it’s important to exercise caution as these stocks can be susceptible to manipulation and scams. InvestorPlace does not typically cover companies with a market cap below $100 million or those that trade less than 100,000 shares per day. It’s crucial for investors to be aware of the risks associated with trading these types of stocks.

Disclaimer: The opinions expressed in this article are those of the writer and do not reflect the views of InvestorPlace. The writer does not hold any positions in the securities mentioned.