Quote:
Originally Posted by cosmo20002
WTF is going on with RKT?
I bought some a while back at around 27-28, watched it immediately drop to below 20. It started inching up a little the last month, then today jumped into the 40s. WTF
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They announced a one time dividend 5 days ago. The dividend is $1.11 a share so about 5% when it was $20.
On Reddit stocks yesterday some of these new traders were asking if you can just get the dividend and then sell lol. Combine those ppl w/ WSB and it launched. The company had earnings last week so there isn't really much of a reason for it to go up 70%. Might keep going, who knows. These kind of pump n dumps normally have just happened with penny stocks