It is often seen that certain stocks rise considerably even when there is no related news about the company in question or the industry in which the company operates. That is what happened with the Comstock Holding Companies Inc (NASDAQ: CHCI) stock on Tuesday.
Yesterday, there was no news about the company but even then the Comstock stock rose by almost 100%. In addition to that, the trading volumes rose considerably as well to hit as much as 26 million shares. The average daily trading volume in the stock is only 276,000 shares.
In such a situation, it might be worthwhile for investors to perhaps get a better idea about the company. Comstock is involved in the real estate space and is focused on the development and management of properties. The company invests in properties as well. It should be noted that the company is primarily focused on multiple-use and transport focussed properties located in the Dulles Corridor in Northern Virginia.