Shares of General Steel Holdings Inc (NYSE:GSI) are trading up big this morning, so much so that trading of the stock has been temporarily halted for the second time today. This huge move to the upside comes with no sign of company news. The latest halt appears to be a “news halt”, meaning there is some improtant news forthcoming.
It should be interesting to see what this news is that General Steel Holdings Inc (NYSE:GSI) is about to release, if it is anything at all. Perhaps there was a bit of insider trading going on if this huge jump in price is related to news that hasn’t yet been announced.
The stock is up 106.02% or $1.41 following the news, hitting $2.74 per share. About 829,412 shares traded hands or up 1066.15% from the average. GSI has risen 68.35% since May 29, 2015 and is currently uptrending. It has outperformed the S&P500 by 70.48%.
Source: ir.net