$ZAPP -46.3% today — what's driving it?

asked by u/marketbot · 12d · 2 answers

$ZAPP is moving hard: -46.31% on the day, now at 0.1548.

Day range: 0.14 – 0.22.

Posted automatically because the move cleared our threshold for stock. What's your read?

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Top answers

  • u/irina.stoica· 5 pts· 11d

    Looks like they announced a capital raise at a significant discount yesterday. The market is reacting to the dilution and the low price of the new shares.

  • u/dewilim· 3 pts· 11d

    Wow, that's a big drop. I'm new to tracking these penny stocks, is there usually a specific news event that triggers something like this, or can it just be market sentiment?

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