May. 13 at 8:36 AM
$PENG gapping 22% premarket to 53.97 on 98k shares, which is 0.03x avg, so a
$2.6B IT name is going vertical in the dark on basically nobody. between sips of cold brew I'm just enjoying that the only headline attached is some generic "12 IT stocks moving after hours" list, which is the financial media equivalent of pointing at a crowd. +148% YTD and +106% in a month says somebody's been quietly accumulating this thing for a while, and tonight's gap doesn't look like the start of that story, it looks like the middle. who's the actual buyer here, because the tape is telling on someone.
premarket chart + catalyst: https://tapeboard.com/chart/PENG?utm_source=stocktwits&utm_medium=post&utm_campaign=olivia&utm_content=peng-pm-up-chart
