Anyone who is currently on the lookout for stocks which may have made strong gains over the course of the past week could do well to take a look at the Pintec Technology Holdings Limited (NASDAQ:PT) stock. The stock has been in the middle of considerable focus during the period and has managed to clock gains of as much as 44% amidst heavy interest.
Trading Data
On Friday, PT stock jumped 9.54% to $0.69 with more than 591K shares, compared to its average volume of 392K shares. The stock has moved within a range of $0.6000 – 0.7499 after opening trade at $0.60.
PINTEC Receives NASDAQ Notification Regarding Minimum Bid Price Compliance
Despite the remarkable rally, it ought to be noted that there has been no news about the company in the past week and the last time any news had emerged about it was back on December 10, 2021.
It may be a good move to take a look at the development from that day. The company, which is involved in providing tech platform services to fintech firms in China, announced at the time that it had got a NASDAQ Listing Qualifications notification from the exchange on December 9, 2019 with regards to the fact that it was non-compliant with the minimum bid price requirements of the exchange. The company went on to state that it had 180 days within which it could regain compliance and stay listed on the NASDAQ.
Technical Data
PT stock is trading above the 20-Day and 50-Day Moving averages of $0.55 and $0.65 respectively. However, the stock is trading below the 200-Day moving average of $0.89.
