Why Is Everyone Talking About Bakkt Holdings Stock?
When Bakkt Holdings (NYSE: BKKT) went public on Oct. 18 by merging with a special purpose acquisition company (SPAC), the market shrugged. The digital asset platform provider's stock fell short of its expected IPO price of $10 on the first day, and its stock stayed below that level for a few days.
But on Oct. 25-26, Bakkt's share price abruptly skyrocketed to a record high of $37.49 -- and briefly became one of the most-talked-about stocks on Reddit's WallStreetBets (WSB) subreddit -- before pulling back to about $20 a share. Let's see why Bakkt's stock suddenly attracted so much attention.
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Source Fool.com
