There isn't a recent press release pushing this stock higher. That's what we see most common.
It only takes a bit of sleuthing to uncover the reason for Wednesday's +120% spike.
There's a possible railroad strike looming in December. And TOPS is a maritime shipping company.
See the connection?
Companies are worried that a rail strike could delay business operations and deliveries. As a result, they're looking for alternate shipping options.
And TOPS is an obvious choice for traders looking to capitalize.
There are a few other factors that make TOPS really attractive …
- Loa float: 3.5 million shares
- High Volume: +16 million shares today
- Former runner
- Tradeable price action
But at the center of it all is a catalyst. That's the bedrock of a profitable stock spike.
And there are two other catalysts to keep an eye on right now …
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