The past few days have been quite a ride for investors in Yoshitsu Co Ltd (NASDAQ:TKLF) considering the sort of price action that was seen in the stock. This past Friday, the stock managed to stage a strong recovery and ended the day with gains of as much as 35%.
Trading Data
On Friday, TKLF stock surged 33.33% to $3.40 with more than 28.21 million shares, compared to its average volume of 8.14 million shares. The stock has moved within a range of $2.5000 – 3.6800 after opening trade at $2.50.
Major News
However, at the same time, it ought to be noted that despite the recovery, the stock is still down by as much as 85% over the course of the past week. In this situation, it ought to be noted that both in case of the crash and the recovery, the trading volume in the Yoshitsu stock had been quite high.
The stock, which clocks average daily trading volume of only 2.7 million shares, recorded trading volume of a staggering 12 million shares on Friday.
In this situation, it ought to be pointed out that the beauty products retail company from Japan has seen its stock going through considerable volatility in recent days. It had started back on January 16, 2021 and it seems that it continued over the following trading days. In this situation, it may be a good move to be a bit more careful about trading the stock.
