Wins Finance Holdings Inc (NASDAQ:WINS))
WINS Shares Winning Today
Shares of Wins Finance Holdings went sky high during normal trading hours on Wednesday but no one is quite sure why they keep going higher.
Wins spokesperson David Rudnick told Benzinga Wednesday he “has no idea” why the stock is moving so drastically.
“As far as we know, this is market speculation,” Rudnick said. He added that the “same people are flipping [the stock].”
Prices are currently up over 150% with prices hitting $205.01 before being halted by the exchange.
WINS Technicals
Looking at the 5 minute chart above you can see shares were on a strong trend before being halted for the remainder of the day. They opened the day below $100 and are now above $200 per share with most selling coming from profit taking.
100% moves in a day are common with lower priced stocks but you don’t see moves like this on higher priced stocks every day. There will be a lot of traders watching this name over the next few days so expect volatility to remain when shares resume trading.
Be very careful if you are looking to trade this as it can be halted at any time with prices opening much lower.