Those looking into the notable gainers on Thursday have probably come across the Senmiao Technology (NASDAQ:AIHS) stock, which ended the day with gains of as much as 16%. While the gains made by the Senmiao stock are significant it is also necessary for any investor to keep in mind that there was no news about the company yesterday that could have led to such strong interest.
However, the rally in the stock may have been triggered by a fair amount of buzz about the stock on the different social media platforms. In recent times, social media buzz has had significant effect on the stock markets and hence, it is a factor that is hard to ignore.
In recent days, there has been considerable discussions about the Senmiao stock on some of the more popular social media platforms like Twitter, Facebook, StockTwits and Discord. The main thrust of the discussion with regards to the company was about the new contract that Senmiao signed with Shanghai Lutuan Technology. However, it is going to be interesting to see if the rally in the stock is sustained or not. At this point in time, it could be a good idea for investors to keep an eye on any news that might emerge about Senmiao.
