ShiftPixy PIXY up huge

ShiftPixy PIXY up huge after heavy volume after the last few days. The...

Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

WHSI stock price, is it time to buy or sell? Exclusi...
Trevi Therapeutics TRVI Stock Price I called it once...
Pacific Biosciences of California Inc. (NASDAQ:PACB)...

ShiftPixy PIXY up huge after heavy volume after the last few days. The stock skyrocketed up over 100% in two trading days. The stock is currently consolidating and deciding what it wants to do next.

Let’s take a quick look at ShiftyPixy

Company Name: ShiftPixy, Inc. 

Ticker: (PIXY)

Exchange: NASDAQ

Company Summary:

ShiftPixy is inching closer to its goal of becoming a national staffing leader after raising $115 million in an initial public offering for Industrial Human Capital, a blank check company formed to acquire industrial staffing companies.

Industrial Human Capital is one of four special purpose acquisition companies (SPACs) formed by ShiftPixy, a Miami-based platform that connects businesses with short-term hires and gig workers.

Why did it go up over 100%?

No big news, just this. I don’t think that warrants the incredible increase in share price.

ShiftPixy PIXY) 1 Day Chart

ShiftPixy PIXY Technical Analysis:

It has been consolidating the whole day after a morning rush of volume driving the PPS up almost 50% with high volume. The stock seems very stable in the consolidation pattern. I would wait till PIXY breaks above $1.68 or at least $1.64 before considering a purchase. 

I would place my stop loss at $1.45, because, if it goes below, it will pull back. The stock is very interesting with relatively no news and feels like an awareness campaign but the stock is stable. Wait for confirmation at $1.64 before moving on it and make sure to keep an eye on it.

Stay in the lopp :

Relief Therapeutics (RLFTF) Stock Tries To Mo...

In recent months, Relief Therapeutics Holdings AG (OTCMKTS:RLFTF) has been in considerable focus among investors due to its work in relation to RLF

CytoDyn (CYDY) Stock Moves Up: Will The Bounc...

The CytoDyn Inc (OTCMKTS:CYDY) stock has seen considerable action this week owing to the events of the week so far but on Thursday,

Engaged Capital Picked Rent A Center Inc. De ...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rent A Center Inc. De (NASDAQ:RCII) reported that Engaged Capital

related post

Skip to content