Lytus Technologies ( NASDAQ: LYT ) shares jumped 37% in afternoon trading Friday following three days of steep declines.
Shares of the streaming services and telemedicine provider opened at $4.08, hitting a high of $7.41 in early trading before dipping to a low of $4.07 in early afternoon. The stock recently changed hands at $5.64, up 37%, at approximately 2:45 p.m. ET.
Lytus stock had been in free fall since Tuesday, after hitting an all-time high on Monday of $47.06. The stock hit an all-time low on Thursday of $4.06. The wild swings came amid no apparent news, press release or SEC filing by the company.
Lytus ( LYT ) held a downsized IPO on June 15 , raising around $12.4M after offering 2.6M shares for $4.75 per share. The stock soared during its market debut and had been gaining steadily until Tuesday.
For further details see:
Lytus Technologies stock jumps 37% after 3 days of steep declines