UBS - EV Maker Volcon's Stock Skyrockets Over 70% In Pre-Market Following UBS Group's Buy-Sell Transactions | Benzinga
Shares of electric vehicle manufacturer Volcon, Inc. (NASDAQ:VLCN) soared over 70% in response to a series of buy-sell transactions by UBS Group AG (NYSE:UBS).
What Happened: As per a recent SEC filing, UBS Group, a significant shareholder in Volcon, engaged in buying and selling shares of the company, triggering a sharp rise in Volcon’s stock price. The stock was trading at $6.270 at the time of writing on Wednesday’s pre-market, a significant leap from Wednesday’s close of $3.650, as per Benzinga Pro data.
UBS Group bought 108 shares of Volcon’s ...