SLI - Stardust Power: Who Are They And What Caused The Stock To Suddenly Jump 145%?
2024-07-18 08:55:00 ET
Summary
- Stardust Power stock rose by nearly 145% in one day, reaching $24.49, and is now up 250% following its July 9 debut on the Nasdaq exchange.
- SDST plans to produce battery-grade lithium products for electric vehicles, aiming to reduce reliance on China in the supply chain.
- With government support for US-based lithium refining and increasing demand for EV batteries, investors are excited about Stardust Power's growth potential.
What if I told you that there was a stock that rose by nearly 145% today for no apparent reason? The stock of startup company Stardust Power Inc. ( SDST ) did just that when it closed trading on July 17 at a price of $24.49. The SDST stock began trading on the Nasdaq exchange on July 9, 2024, and is now up nearly 250% a week later....
Stardust Power: Who Are They, And What Caused The Stock To Suddenly Jump 145%?