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Why ATA Creativity Skyrocketed 951% yesterday

NASDAQ:AACG   ATA Creativity Global
Why ATA Creativity Skyrocketed 951% yesterday

There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media.

ATA shares were buoyed — thanks to discussions stock trading groups on Facebook , Discord chat rooms, the r/Daytrading subreddit, Twitter hashtags, and YouTube channels before the market opened.

Many of these posts mentioned the advantages of the high volume and relatively low float (31.74M) of the stock.

ATA Creativity is not on the list of most talked about stocks on r/WallStreetBets, as compiled by Swaggystocks.


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