Why SmileDirectClub Rocketed More Than 20% Today
Shares of SmileDirectClub (NASDAQ: SDC) rallied today, up a whopping 24.6% as of the end of trading.
This was an odd rally, given that there was no news I could find that would justify such a massive move in the stock.
In that light, it appears today was a large short squeeze brought about by investors who were shorting the stock prior to earnings covering their bet. Yesterday, SmileDirectClub's stock plunged following its second-quarter earnings report.
Source Fool.com
