UTime Jumps in Premarket After New Financing Update
UTime Limited stock was active in pre-market trading Thursday, climbing from its usual $1 level after closing Wednesday at $1.00. The China-based company, which trades on Nasdaq, rose to $1.48 as of 8:02 a.m. ET, up 48%, according to StockAnalysis. UTime shares ended Wednesday 0.36% higher, with 99,357 shares changing hands. The stock moved this week, jumping as high as $1.60 on Monday but settling under $1.00 by the close. Wednesday’s move wasn’t driven by earnings or any new contract—it was a price move.