Why MicroVision Stock Jumped Today
Shares of MicroVision (NASDAQ: MVIS) popped this morning on seemingly no company-related news. The share price jump is likely the result of MicroVision -- which makes lidar sensors, laser beam technology, and micro-displays -- being mentioned on Reddit's WallStreetBets forum yesterday.
The tech stock gained a staggering 19.4% in trading this morning but then leveled off significantly, with a 4% gain as of 11:07 a.m. EDT.
Some individual investors on Reddit have boosted the share prices of companies that they believe the rest of the market has overlooked or undervalued. The most popular of these has been GameStop. A mere mention of a particular stock on the WallStreetBets message board can potentially send a share price skyrocketing.
Source Fool.com
