Shares of cybersecurity institution IronNet surged much than 110% successful premarket trading aboriginal connected Tuesday.
The banal has been the taxable of a number of discussions connected Reddit successful caller days arsenic a imaginable campaigner for a ‘gamma squeeze’—buying bullish options to make much buying pressure, as seen with movie-theater concatenation AMC Entertainment (ticker: AMC) and videogame retailer GameStop (GME).
IronNet (IRNT) shares roseate 23% connected Friday and were 115% higher successful premarket trading astatine 1 constituent aboriginal connected Tuesday.
The cybersecurity institution merged with special-purpose acquisition institution LGL Systems Acquisition Corp astatine the extremity of past month. The banal had surged adjacent to 30% connected the combined company’s trading debut connected the New York Stock Exchange—trading was paused astatine 1 constituent owed to volatility—before slipping backmost to adjacent somewhat lower.
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