Stock Groups

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


© 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.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.