A week of wild swings for Carvana ( NYSE: CVNA ) stock continued on Friday.
Shares of the troubled online auto retailer rose sharply around 10:30 AM ET, prompting a trading halt for volatility. Traders of the stock are quite familiar with volatility as, in just the week gone by, shares have gained over 20% and lost nearly 40% in a single trading session.
Shares look headed for another violent swing on Friday as, after resuming trading, the stock surged nearly 20%. Carvana is a heavily shorted name, sporting nearly 50% short interest as a percentage of float according to SeekingAlpha data.
Read more on analyst rating changes as of late .
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Carvana halted for volatility as wild trading continues