Sometimes investors move into a stock in a big way despite there being no news about the company at all and while it may seem random, it could still be a good idea to at least have a closer look. The Coastal Capital Acquisition Corp (OTCMKTS:CCAJ) stock was in the middle of a massive rally yesterday and ended the day with gains of as much as 257%.
In addition to that, the trading volumes in the stock were massive as well since investors moved in to the stock in a big way on Wednesday. Although there was no news about the company it might be a good move for investors to take a look at its line of business.
The company is involved in the production of terrazzo and polished concrete items and in addition to that it is also involved in the manufacture of customised products from marble and stones. Most of its products are used as kitchen tops, table tops and vanity tops among others in commercial establishments.
There was no news about the sector in which the company is involved either and hence, it might be a good idea for investors to perhaps keep an eye out for any news about Capital Acquisition Corp.