Why Is Solidion Technology (STI) Stock Up 55% Today? – InvestorPlace
STI stock is up with heavy trading
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Solidion Technology (NASDAQ:STI) stock is taking off on Monday alongside heavy trading of the battery materials company’s shares.
That has more than 2.3 million shares of STI stock changing hands as of this writing. That’s quickly closing in on its daily average trading volume of about 2.8 million shares, and markets haven’t even opened yet.
Investors will note that this movement comes after the company experienced a rally on Friday, too. That saw STI stock close out normal trading hours that day up 33.9%, with more than 25 million shares traded.
Solidion Technology focuses on the development of solid-state batteries and other types of batteries. It also recently underwent a change to its current name. Before February 2024, the company operates as Honeycomb Battery Company.
Solidion Technology operates out of Dayton, Ohio and was founded in 2014. It’s also worth mentioning that it’s a subsidiary of Global Graphene Group. This is a material science technology and product solutions company with a focus on graphene.
STI stock is up 55.2% as of Monday morning. However, the shares are down 75.1% since the start of the year as of Friday’s close.
Investors can find more of the most recent stock market stories ready to go below!
We have all of the latest stock market news worth reading about on Monday! Among that is why shares of Joann (NASDAQ:JOAN) stock are up this morning, the biggest pre-market stock movers today and more. All of that info is ready to go at the following links!
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Energy, Renewable Energy, Battery
Article printed from InvestorPlace Media, https://investorplace.com/2024/03/why-is-solidion-technology-sti-stock-up-55-today/.
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Source: JLStock / Shutterstock.com
Solidion Technology (NASDAQ:STI) stock is taking off on Monday alongside heavy trading of the battery materials company’s shares.
That has more than 2.3 million shares of STI stock changing hands as of this writing. That’s quickly closing in on its daily average trading volume of about 2.8 million shares, and markets haven’t even opened yet.
Investors will note that this movement comes after the company experienced a rally on Friday, too. That saw STI stock close out normal trading hours that day up 33.9%, with more than 25 million shares traded.
Solidion Technology focuses on the development of solid-state batteries and other types of batteries. It also recently underwent a change to its current name. Before February 2024, the company operates as Honeycomb Battery Company.
Solidion Technology operates out of Dayton, Ohio and was founded in 2014. It’s also worth mentioning that it’s a subsidiary of Global Graphene Group. This is a material science technology and product solutions company with a focus on graphene.
STI stock is up 55.2% as of Monday morning. However, the shares are down 75.1% since the start of the year as of Friday’s close.
Investors can find more of the most recent stock market stories ready to go below!
We have all of the latest stock market news worth reading about on Monday! Among that is why shares of Joann (NASDAQ:JOAN) stock are up this morning, the biggest pre-market stock movers today and more. All of that info is ready to go at the following links!
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Energy, Renewable Energy, Battery
Article printed from InvestorPlace Media, https://investorplace.com/2024/03/why-is-solidion-technology-sti-stock-up-55-today/.
©2024 InvestorPlace Media, LLC
Market Analysis
Hot Stocks
Stocks to Sell
Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright © 2024 InvestorPlace Media, LLC. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201.
Not Yet a Premium Subscriber?
Your Email
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
