Momentus jumps 40% on heavy trading and SpaceX IPO talk
Momentus Inc. jumped Thursday as retail traders bought back into small-cap space names. MNTS traded close to $16 in early afternoon on Nasdaq, moving up from an open below $12. The stock was quoted at $16.13 at 13:39 EDT on Google Finance, up 42.24% on the day, after hitting a session high of $16.40 and a low of $11.15. Momentus shares kept up their wild week, with trading jumping as interest in public space names stayed high. Volume hit about 14.7 million, double the 7.1 million average, according to Robinhood market data. Still, the stock traded nowhere near its 52-week high of $43.55, though it stayed above the 52-week low at $3.11.