Why Huachen AI Parking (HCAI) Stock Is Surging: Tiny Float, Reverse Split and Nasdaq Risk
Huachen AI Parking Management Technology Holding Co., Ltd. barreled back into the Nasdaq spotlight Thursday, its U.S.-listed shares ripping higher in volatile trading. Shares of the little-known Chinese smart-parking outfit, HCAI, shot up 135.28% to $12.87 during the morning, data from Benzinga show. By the time 34.01 million shares had swapped hands—a staggering spike from the typical 727,390—Robinhood was quoting the stock at $10.37.
