Allego's Stock is Up Over 100% Today: Here's Why The EV Charging Company Is Up

This post was originally published on this site

“We look forward to closing our business combination with Allego tomorrow and are very pleased to bring them public on the New York Stock Exchange to continue advancing EV charging across Europe,” said Geoffrey Strong, CEO of Spartan.

While there’s no specific fundamental reason that would explain today’s move higher, Allego stock has been regularly cited on social media websites Twitter and Stocktwits in recent days.

Twitter data traffic shows that Allego stock has seen a surge in volume, alongside Society Pass (NASDAQ:SOPA) and Koss (NASDAQ:KOSS).

Today’s move comes after meme stocks surged higher yesterday, led by GameStop (NYSE:GME) and AMC (NYSE:AMC).

By Senad Karaahmetovic