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Why Sgoco Group Stock Exploded 75% Higher on Wednesday
Sgoco Group (NASDAQ: SGOC), a small-cap conglomerate that operates in China, saw its stock soar on Wednesday on increased trading volume. On average, Sgoco Group stock gets bought and sold 327,000 times a day. There was no press release or earnings announcement from Sgoco Group that warranted this big move, so the likely suspects could be Wall Street Bets traders on Reddit, who have tried to push around this stock in the past.
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