Galaxy Payroll Stock Pops in Premarket as Traders Hit Small Nasdaq Name
HONG KONG — Shares of Galaxy Payroll Group Limited spiked in pre-market Nasdaq trade Thursday, with quotes showing the stock at about four times Wednesday’s close. There was no new statement from the company. Google Finance put the previous close at $0.98, down 5.23% for the session, then showed a pre-market price of $4.24, up 334.38%. The jump was big for a micro-cap. GLXG last traded at $4.20 pre-market, according to Investing.com, with volume at 31.86 million shares. That’s notable because Google Finance showed just 5.60 million shares outstanding. Pre-market volume was many times the reported float.
