KOSS Stock Price Increases Over 66% Pre-Market: Why It Happened
• The stock price of Koss Corporation (NASDAQ: KOSS) has increased by over 66% pre-market today. This is why it happened.
The stock price of Koss Corporation (NASDAQ: KOSS) has increased by over 66% pre-market. One of the main triggers for the stock price increase has to do with the encouragement of buying up shares on social media.
On Reddit, Facebook, and Twitter, a group of people launched KOSS buying campaigns in order to increase the price of shares along with call options — gives buyers the right to buy stock at a set price until a certain date. And short sellers — investors who borrow stock with a bet that the price will fall — have been buying the shares back soon in order to reduce more losses. Plus institutional investors are also buying shares to hedge against call options being bought.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
