POL - Polished.Com Stock Surges 600% in Single Trading Session Despite Broader Market Decline: Astonished Online Retailer Has No Idea What Triggered The Mystery Rally | Benzinga
In an unexpected turn of events, Polished.Com Inc (AMEX:POL), a popular online retailer of home appliances, experienced an astronomical 600% rise in its stock price. The company, however, is unable to pinpoint the cause of this extraordinary market activity.
What Happened: Polished.com has not identified any undisclosed material changes or developments within its business operations that could explain the sudden increase in its stock price and trading volume, reports MarketWatch.
The New York Stock Exchange, following standard procedure for unusual market activity, has reached out to the company for clarification.
Polished.com’s shares rose to an astonishing $7.61 in Wednesday’s regular trading session from a closing price of $1.06 the previous day. The trading volume escalated to 130.8 million shares, a dramatic increase from the 65-day ...