Why SOS's Stock is Trading Higher Today
The Price And Volume Action In SOS's Stock Today
SOS's (NYSE:SOS) stock is trading up 21.88% to a price of $3.0. The stock's current volume for the day is 15.99 million, which is approximately 221.84% of its previous 30-day average volume of 7.21 million.
Why It's Moving
Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: SOS shares are trading higher. The company on Wednesday announced a crypto mining strategy and plant and also announced a securities purchase agreement to sell 13,525,000 ADSs for ~$25M.
Perspective On Recent Price Action
The moving average price of the stock over the past 50 days was $1.93 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $4.1 and as low as $1.21.
If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.