Dynatronics Corporation (NASDAQ:DYNT) Stock Breakout Alert: How Far Can it Go?
Dynatronics Corporation (NASDAQ:DYNT) jumped 13%, having gained more than 29% in pre-market trading. The jump is a continuation of the momentum the stock experienced in the previous trading session when it increased by 9.32%.
The stock saw heavy trading volume with more than 28.72 million shares exchanging hands relative to the stock’s average daily trading volume of 197,008 shares. Interestingly, there is no recent news about the company that is driving the surge. Instead, it seems like the activities of retail traders in social media trading platforms are driving the pump. They are citing the Olympics benefits as the reason behind the stock price jump.
The medical device company focuses on offering premium quality medicinal products for expediting the attainment of optimal health. Dynatronics designs, develop, and sells a range of clinical use products in physical therapy, athletic training, pain management, and rehabilitation. The company sells its products to physical therapists, sports medicine practitioners, chiropractors, orthopaedists, athletic trainers, hospitals, and clinics through its distribution channels. So, in the coming weeks, DYNT is a stock to watch.
Market Reaction:
On Monday, DYNT stock jumped 12.40% at $1.45 with more than 28.72 million shares, compared to its average volume of 197k shares. The stock has moved within a range of $1.2100 – 1.7900 after opening the trade at $1.55. Over the past 52-week, the stock has been trading within a range of $0.5200 – 2.5600.
