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$ZAPP -46.3% today — what's driving it?
$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?
2 comments · 1 points
2 Comments
DEu/dewilim·4d
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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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.