Elong Power Stock Rips 58%, Small Nasdaq Battery Play Goes Wild
Shares of Elong Power Holding Limited jumped on the Nasdaq Tuesday, as the Chinese battery-storage name posted a steep rally. Trading was heavy. The low-priced stock had recently raised cash from investors. The stock jumped 58.3% to $1.22 in afternoon action. Shares opened at $1.28, trading as low as 79 cents and as high as $2.72. Market data showed volume at roughly 123.1 million shares.