SemiLEDs (LEDS) Stock Sees Roller Coaster Ride in May: Here is Why

SemiLEDs Corporation (NASDAQ:LEDS) stock is gaining momentum in the late morning trading session with a big jump in price along with the volume.

SemiLEDs (LEDS) Stock Sees Roller Coaster Ride in May: Here is Why

At the time of writing, LEDS stock has soared 28.16% to $10.15 after a brief halt due to up percentage. The stock is very volatile as it made a session high of $11.24 and moving 10% up or down in few minutes. More than 5.95 million shares traded hands within 90 minutes of trade, compared to its daily average volume of 4.93 million shares.

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Today’s volatile move is not new for LEDS stock as we have a roller coaster ride this month. The stock was trading below $4 in the beginning of this month and within the next 1 week, the stock soared to its 52-week high of $13.44 – 258% jump in just 1 week. However, the stock could not sustain at a higher level and moved back to around $6 on May 16th.

However, today’s momentum-driven rally has taken the stock back above $10. keep an eye on LEDS stock.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.