Toys and leisure products manufacturer JAKKS Pacific NASDAQ: JAKK continuously grew 80.81% to $1.14 on Friday. Hence, the total daily volume blasted off to 16,235,742 shares while average volume doesn’t even reach 700k shares.
Why volume and percentage change look very drastic to all of us? Cheap price allows anyone to buy shares in mass thus the volume fly like Tesla’s Falcon rocket.
In June of 2007 JAKK rose al time high to $28.14. Even that time its price wasn’t great as giant corporations have; like Alphabet, Amazon, Tesla, and so on. Investment companies may pick this stock as a quick profit maker in case of a right strategy implemented.