U.S. stock market anomaly | Starfighters Space (FJET.US) rebounds over 10% before the market opens after plunging nearly 60% yesterday.
According to the Securities Times APP, on Wednesday, the newly listed space concept stock Starfighters Space (FJET.US) rebounded more than 10% in pre-market trading, reaching $14.37 per share. The stock has experienced severe fluctuations recently, with a 371% surge on Monday followed by a nearly 60% plunge on Tuesday. Market analysis believes that the low float and speculative business prospects are the main reasons for the extreme volatility in the stock price. The company operates the world's only commercial supersonic fleet and raised $40 million through an IPO, however, financial data shows that it has had no operating income in the past three years.
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