Stock Groups

Here’s Why The EV Charging Company Is Up -Breaking

by Mike Robinson

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© Reuters EV Allego (ALLG) Stock is Up 22% Today. Here are the reasons.

Just a few days ago, Allego shares rose more than 1500% during late Wednesday trading. This was just after the company that provides electric vehicle (EV), charging solutions for customers merged with Spartan Acquisition Corp.

Geoffrey Strong (CEO of Spartan) stated that they look forward to closing their business deal with Allego Tomorrow and would like to take them public on New York Stock Exchange in order to promote EV charging throughout Europe.

There isn’t a single reason why the stock moved higher today, but Allego stock has been frequently mentioned by Stocktwits and Twitter in recent days. Over Wednesday trading, the stock was stopped four times due to volatility. However, trading has been a constant race for new highs.

Data traffic from Twitter shows Allego stock experienced a spike in volume. Society Pass (NASDAQ 🙂 and Koss (NASDAQ :).

This move today comes after the meme stocks surged higher yesterday led by GameStop and AMC (NYSE :).

By Senad Karaahmetovic

This article was posted on 11:02 ET and updated at 2:44 ET.

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