Stocks often go on remarkable runs despite there being no news about the company and something similar happened with the Vertex Energy Inc (NASDAQ: VTNR) stock last Thursday.
The stock rallied by as high as 10% on Thursday on the back of significant trading volumes and that too its gains for the year to 100%. However, at the same time, it is also necessary for investors to keep in mind that there has been no news about the company recently.
Vertex Energy is involved in the environmental services industry and is involved in providing services related to the processing as well as recycling of commercial and industrial waste systems. The company is only involved with waste systems which are located in the Central Midwest and Gulf Coast regions of the United States. While it is true that there has been no fresh development, it might be a good move on the part of investors to keep the stock on their watch lists.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.