UTime Limited (NASDAQ: WTO) Rockets Nearly 100% As Reverse Stock Split Sparks Wild Trading – What Investors Need To Know Today
UTime Limited (NASDAQ: WTO) shares jumped over 100% to around $0.04 Friday afternoon after closing at $0.02 Thursday, erasing a 33% loss. More than 700 million shares traded, far above the three-month daily average of 29 million. The spike comes days before a planned 1-for-100 reverse stock split to maintain Nasdaq listing. Pre-market trading saw similar volatility, with gains up to 99%.
