Why has it increased this week

  • The NXT-ID Inc (NASDAQ: NXTD) share price rose more than 45% last week. That’s why it happened.

NXT-ID Inc (NASDAQ: NXTD) stock price – a provider of personal emergency response systems (PERS), health communication devices, and IoT technology – rose more than 45% last week. There are no company specific reports driving up the share price.

The rally appears to be driven by investors active on social media platforms like Discord, StockTwits, Twitter, Facebook, etc. Some investors on these platforms have cited a short squeeze. And several other investors expect the company to make a major announcement soon, such as a partnership.

Last month, Nxt-ID announced that its shareholders had approved the two stock split proposals relating to their common shares and Series C preferred shares at the special meeting of shareholders on October 15, 2021. And the board of directors The administration of NXT-ID had approved a 1-for-10 reverse split for the company’s common stock and a corresponding 1-for-10 reverse split for its Series C preferred shares.

Disclaimer: This content is intended for informational purposes. Before you make an investment, you need to do your own analysis.

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