SCWorx Corp (NASDAQ:WORX) Stock In Strong uptrend: Time To Get In?

The stock of the software solutions company SCWorx Corp (NASDAQ:WORX) has been in the middle of a strong rally this week so far. Yesterday, the stock ended the day with gains of 60% and then it continued in the same vein during premarket trading, as it soared by another 30%.

In light of such gains, it is likely that the stock is going to come into sharp focus among investors this morning. However, it is necessary to note that there has been no material news about the company recently and the latest rally in the stock appears completely speculative at this point.

However, the speculation has been sparked by retail investors on various internet platforms and that makes the SCWorx Corp stock interesting. It seems that investors from platforms like Reddit, Twitter, Discord and StockTwits among others have identified the stock as one of their latest target. In this regard, it is important to point out that such moves may be temporary but it can often lead to considerable gains within a short span of time. Hence, it might be a good move from investors to perhaps keep an eye on the SCWorx Corp stock this morning and track the price action.

Market Reaction:

On Monday, WORX stock soared 59.28 % at $2.66 with more than 70.52 million shares, compared to its average volume of 388k shares. The stock had moved within a range of $1.6500 – 3.3300 after opening the trade at $1.65. Over the past 52-week, the stock has been trading within a range of $1.0000 – 5.7550.