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This Penny Stock Just Jumped 750%. Can It Retain These Gains for the Long Term?
Yahoo Finance· 2025-10-08 04:43
Galecto (GLTO), a small-cap biotechnology company, saw its shares soar as much as 750% on Tuesday as retail investors flocked into them for no apparent reason. The massive surge in trading volume resembles a meme stock rally given GLTO didn’t post a new press release or regulatory filing, neither did it receive bullish analyst coverage today. More News from Barchart While GLTO stock has pulled back rather significantly in recent hours, at one point on Oct. 7, it was seen trading 1,500% above its year-to ...