Shares of VIOT SURGES higher due to the uptick in discussions about this stock has been surging on social media platforms like Reddit, Twitter, StockTwits, Facebook, and Discord. In a StockTwits post, Insider-Analysis.com pointed out that 7 institutions increased their positions in the stock while 3 decreased as of this past quarter.
There is also a bullish report published about the company at Xueqiu.com. After translating the article to English, I read that Xueqiu believes that VIOT is expected to grow 10x this year due to its leadership position in appliances and Internet of Things devices.
VIOT was also listed on a number of day trading watch lists on Reddit. And VIOT was listed in the “Daily Movers” on the Robinhood trading platform — which also added to the momentum of this shares.