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SGOC - Why Sgoco Group Stock Exploded 75% Higher on Wednesday
SGOCO Group Ltd
Sgoco Group (NASDAQ: SGOC) , a small-cap conglomerate that operates in China, saw its stock soar on Wednesday on increased trading volume. Shares were up as much as 91.4% on the day; as of 11:37 a.m. EDT, they were up 72.1%.
On average, Sgoco Group stock gets bought and sold 327,000 times a day. But today, only a few hours after the opening bell, it had already traded 23.6 million times.