HOUR - Hour Loop soars more than 120% on high-volume move

2023-05-02 10:38:08 ET

Hour Loop ( NASDAQ: HOUR ) soared in early trading on Tuesday on a move not tied to any specific company announcement or SEC filing.

Shares of Hour Loop ( HOUR ) rose 129% on heavy volume to land at $3.62 vs. the 52-week range of $1.41 to $5.11. Short interest on HOUR is only at 2.50% of total float and the stock has seen a low level of social media interest in the past.

The e-commerce company reported Q4 earnings on March 31. Revnue was up 52.8% to $95.9M and a net loss of $1.5M was recorded. Hour Loop said that despite an uncertain economy, it continued to see strong demand for its products during the first two months of the year.

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