US Well Services (USWS) Doubles in a Day: How to Trade Now?

One of the stocks to have emerged as one of the biggest gainers in premarket trade this morning is that of the US Well Services (NASDAQ: USWS). The stock has surged by as much as 91% in premarket trading today and it could perhaps be a good idea for investors to take a closer look at it.

The interest in the stock among investors could be related to an announcement made by the U.S. Well Services on Monday.

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The company announced yesterday that Range Resources Corp has extended its contract with U.S. Well Services with regards to hydraulic fracturing services. The services provided by U.S. Well Services are related to a project in the Appalachian Basin.

The extension of the contract is a major development for the company and it is not a surprise that it has also created plenty of excitement among investors. U.S. Well Services could well be one of the stocks to watch today and for the rest of the week.

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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.