I am sorry, I don’t have access to live, real-time stock market data or specific news articles that would explain the sudden price surge of Global Interactive Technologies Stock (GITS) on a particular day. Information like that is constantly changing.
To find out why GITS is up 135% today, I recommend checking these sources:
Reputable Financial News Websites: Look at sites like Reuters, Bloomberg, MarketWatch, Yahoo Finance, and the Wall Street Journal. They often publish articles about significant stock movements.
TipRanks: Since the question mentioned TipRanks, go directly to the TipRanks website and search for GITS. They might have an article or analysis explaining the price movement.
Company Press Releases: Check Global Interactive Technologies’ official website for any press releases they may have issued that could explain the surge.
SEC Filings: Review the company’s filings with the Securities and Exchange Commission (SEC) to see if there have been any major announcements (like mergers, acquisitions, or significant contracts).
Possible reasons for such a large stock increase could include:
Positive Earnings Report: A much better than expected earnings report.
Major Contract Announcement: Winning a large, significant contract.
Merger or Acquisition News: Being acquired by another company.
Breakthrough Technology: Announcing a groundbreaking technological advancement.
Short Squeeze: A rapid price increase forcing short sellers to cover their positions.
Speculative Trading/Meme Stock Activity: Driven by social media and retail investors.
Remember to always do your own research before making any investment decisions.