Netlist Inc (NLST) Stock Soars 130% in 2-Week: What to Expect Now?
The Netlist Inc (OTCMKTS:NLST) stock has continued to make a strong upward move over the course of the past weeks and the trend continued last week. The Netlist stock jumped by 22% this past Friday and that took its cumulative gains for the past two weeks to as much as 130%.
In light of such massive gains, it might be a good move from investors to take a closer look at the stock. The daily trading volume has been in millions of shares and that is another factor that ought to be kept in mind by any interested investor.
The situation changed for Netlist quite dramatically in July of 2020 when the United States Court of Appeals for the Federal Circuit upheld the validity of the company’s patent with regards to DDR server memory modules.
That decision came as a major boost for the company and since then the Netlist stock has not had to look back. However, the activity in the stock in recent weeks has been quite frenetic and that is apparent from the sort of gains that it has clocked during the period. Anyone looking for a small cap play could do well to keep an eye on Netlist.
Market Reaction:
On Friday, NLST stock went up 22.56% at $4.78 with more than 5.69 million shares, compared to its average volume of 1.19 million shares. The stock has moved within a range of $4.0200 – 4.9800 after opening the trade at $4.11. Over the past 52-week, the stock has been trading within a range of $0.4200 – 4.9800.
