Meme frenzy triggers surge in under-the-radar medical IT stock: Healthcare Triangle (HCTI.US) soars 115% in a single day with trading volume accounting for 15% of all US trades.
According to the Zhitong Finance and Economics app, on Thursday, US Eastern Time, the stock price of the relatively unknown medical information technology company Healthcare Triangle (HCTI.US) became the focus of the US stock market. With a trading volume of 30.6 billion shares, its stock became the most active individual stock traded on all US exchanges that day, accounting for approximately 15% of the total daily stock trading volume in the US. Despite no significant change in the company's fundamentals, the stock skyrocketed by 138% at the opening and ultimately closed with a 115% increase at 5.1 cents. The total daily trading volume reached $150 million, nearly seven times its current market value.
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